Microcredit Club Update

The UCity Microcredit Club met virtually on February 25 and made 10 loans totaling $925, as follows:

The Itaqua Group is 16 persons who live and work in Sao Paolo, Brazil.  They are borrowing $1,950. Laurentino is the leader of the group.  He has owned a grocer store for 10 years and will use his portion of the loan to purchase rice, beans, fruits, vegetables, cold cuts and cleaning items to sell in his store.  We loaned $100.

The Abadasigana Acb Group is 15 persons who live in Ruanda. They are borrowing $5,300. Alphred is the leader of the group and has run his timber business for the past 21 years.  He will use his portion of the loan to purchase more timber to sell at the local market.  We loaned $75.

Khaled is a Syrian refugee who moved to Lebanon in 2011.  He is a house painter and is borrowing $1,200 with which to buy scaffolding and wood to better serve his customers.  We loaned $100.

Tulizana Group is a large group of persons (19) who live in Goma, North Kivu province, Congo (DRC), one of the most war-torn areas of the country.  The group is borrowing $3,150.

Angela operates a kiosk in a popular area of the city where she sells a variety of things.  She will use her portion of the loan to purchase a box of soap, 10 kg of sugar, biscuits, milk, slippers, oil and other products to sell in her kiosk.  We loaned $100.

Dalal is in the middle and is standing in the doorway of her tent. We loaned $100.

Dalal is in the middle and is standing in the doorway of her tent. We loaned $100.

Majmouat Al Kheir Group is three Syrian refugee women who live in Marjeyoun, Lebanon. The group is borrowing  $1,800.  Dalal has been a hair dresser and makeup artist since she fled to Lebanon in 2012 with her husband and eight children. They currently live in a tent and experience hard living conditions.  She will use her portion of the loan to make necessary repairs to the tent.

Francois lives in Cameroon and, for the past 20 years, has been operating a corn processing shop.  He has a good business but his customers needs are growing and he is the only business like his in the city.  He is borrowing $875 to purchase a new crusher to keep up with customer demand.  We loaned $50.

Mrs Da is an ethnic minority living in a mountainous region of Thanh Hoa Province, Viet Nam.The region is very poor and suffers often from disasters such as flooding and drought.  Da raises cattle and is borrowing $650 to buy calves to raise and sell.  We loaned $100.

Guadalupe has been a fisherwoman for three years.  She lives with her family in Baybay City, Leyte, Phillippines.  She is borrowing PHP 10,000 ($200) to purchase fishing nets, gasoline and other fishing supplies.  We loaned $100.

Katherine Gabriella owns and operates an opthalmology clinic with her sister in Gotera, El Salvador, about a one hour bus ride from her home.  She is borrowing $200 to purchase a desk in order to better serve her clients.  We loaned $100.

The Port-Fortaleza Group is nine women and one man who live in Portovieteo, Ecuador.  The group is borrowing $5,475. Monseratte de Jesus is a tailor who lives with her husband (a master painter) and four children. She makes all kinds of garments but prefers garments for women and children.  We loaned $100.

Thank you for your support and your continued interest.