Microcredit Club Update

The UCity Microcredit Club held a virtual meeting on April 11 and made 10 loans for a total of $825, as follows:

Diogo operates a general store in Manututo, Timor-Leste. He is borrowing $1,000 to buy more stock for his store. We loaned $75.

Bafel lives in Qana, Lebanon. He is a Syrian refugee and has run his own mosaic art shop since 2014.  He is borrowing $1,000 to purchase more art to sell. We loaned $100.

Maria Elena lives in Tela, Atlantida, Honduras. She sells stainless steel jewelry as a traveling merchant and also takes orders. She has been in business for three years and is borrowing $425 to purchase more jewelry to sell. We loaned $100.

Sally lives in Tuaefu, Samoa. She creates and sells elei printed material. She is borrowing $500 to purchase material, fabric paint, stencils, brushes, rollers, wooden carved designs, etc., in order to produce her materials. We loaned Sally $100.

Pedro Claver is a fruit farmer in Arequipa, Peru. He is borrowing $1,525 to plant more avocado plants in order to increase his production. We loaned $100.

Ghenadie is 38 years old and lives in Vulpesti village in the Ungheni region of Moldova. Five years ago he decided to start his own carpentry business. His first project was a simple door which was so well done that it made him famous in his village. He does beautiful work but his woodworking machine has failed, so he can no longer work. He is borrowing $875 to purchase an engine for his machine so that he can fill orders and get back to work. We loaned $100.

Kokou lives in Kegue, Togo and is a boiler maker. He makes the boilers from aluminum and other scrap materials. He is borrowing $625 in order to buy more scrap. Kokou has had loans in the past and has paid them all timely. We loaned him $50.

The Grupo Patzulin Los Hermanos is three persons - Isabela, Manuela and Miguel - from Suchitepequez, Guatemala. They are borrowing $475. Isabela buys and sells tomatoes and will use her portion of the loan to purchase more tomatoes to sell. We loaned the group $100.

Abdul is from Port Loko, Sierra Leone. He runs a Vitafoam business and sells different models of mattresses from a store in his community. He is borrowing $575 to purchase more mattresses to increase his business. We loaned $50.

Fatma lives in Turkey and makes and sells tulle curtains.  She has had several loans in the past and has always paid them off. She is borrowing $450 with which to purchase tulle fabric in bulk. We loaned $50.

Thank you for your support.