July Microcredit Club Update

The U-City Microcredit Club held a virtual meeting on July 16 and made twelve loans for a total of $1500, as follows:

The Fatem Group consists of three women who are refugees from Syria now living in Lebanon. The group is borrowing $1,800. Hiyam is the featured borrower of the group. She will use her portion of the loan to purchase a sewing machine in order to do custom sewing for her customers. We loaned the group $125.

Nary is a married woman who lives in Siem Reap, Cambodia. She and her husband have been selling fried corn for about three years. She is borrowing $750 in order to buy more corn to sell as well as a carriage to carry her corn to market. We loaned $150.

The Tiporguin Group is four ladies who live in Bobo Dioulasso, Burkina Faso. The group is borrowing $1,550. Habibata will use her portion of the loan to buy onions to resell in the market. We loaned $150.

Rosa is a 24 year old single mother who lives in Solola, Guatemala. She is part of the three member Grupo Las Aguilas de Patzulin Group that is borrowing $1,775. For the last five years, Rosa has had a business buying and selling traditional clothing in the market. She will use her portion of the loan to buy guipiles (blouses), fajas (belts) and cortes (skirts). We loaned the group $150

Virginia is 53 years old, married with a family. For the last eight years, she has been buying yucca to sell. She is one of four members of the Grupo La Familia Herrera Pajales Group, all of whom live in Solola, Guatemala. The group is borrowing $1,050. Virginia will use her share of the loan to purchase more yucca to sell. We loaned $50.

Ousmane is a merchant who lives in Oagadougou, Burkina Faso. He also operates a workshop and sells kitchen utensils. He is borrowing $1,400 to purchase a large quantity of aluminum and ten sacks of coal with which to melt the aluminum. He will then produce pots and ladles to sell to his customers. We loaned $150.

Janert is a member of the Gs Alfa Group, three persons who are immigrants from Haiti now living in La Romana, Dominican Republic. The group is borrowing borrowing $600. Janert left Haiti 14 years ago and works as a driver. In order to supplement his income, he is also starting a business selling shoes, sandals, flip-flops, etc. He will use his portion of the loan to buy shoes, etc, to sell. We loaned $125.

The Maria Auxiliadora Group functions as a trust bank. The seven members meet monthly, at which time they make loan payments and participate in educational sessions in business, women's issues, family and health care. The group is borrowing $4,225. Antonia owns a sewing business. She employs three other people, including her husband, and has five sewing machines. Production is increasing and she needs another sewing machine. She will use her portion of the loan to purchase an industrial sewing machine. We loaned $150

Gladys lives in El Alto, Bolivia and makes back packs. She is borrowing $1,025 to replace her old and broken cutting machine with a new one which will increase her efficiency and production. We loaned $150.

The Vitoria X group is four persons who live in Santo Andre, Brazil. The group is borrowing $2,300. Claudia is the leader of the group and operates several businesses. She does party catering, sells sweets and ice cream door to door, and also works doing house cleaning. She will use her portion of the loan to purchase balloons for party decorations, assorted ice creams, milk and flour for making snacks, etc. We loaned $100.

Priscilla lives in Buakonikai, Fiji and sells kerosene and benzene. Fuels in Fiji are difficult to acquire and are particularly important in rural areas. Priscilla understands the importance and demand for fuel and has a stand near a school and several small settlements. She is borrowing $600 to refill her drums of fuel, purchase a pump, storage bottles and a funnel. We loaned $50.

Hoa lives in 06 Dong Son, Thanh Hoa, VietNam. She operates a business selling dried food. She is borrowing $1,300 to purchase a kind of dried pancake to sell. The need for this product is high and the demand is strong. We loaned $150. This loan was number 750 and also enabled us to reach $60,000 in loans made.

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