November 20 U-City Microcredit Club Update

The U-City Microcredit Club held a virtual meeting On November 20, at which time we made 8 loans, totaling $600, as follows:

The Abaziranenge Tcb Sub Grb A Group is 16 residents of Rwanda who are borrowing  $6,350. One of the group members is  Domithille, a 45 years old mother of  9 children between the ages of 5 and 23.  She will use her portion of the loan to buy more Irish potatoes and beans to sell.  She sells foodstuffs in the market and has been doing so for 20 years.  We loaned $50.

Nuevo Palin Group is 3 persons who live in Managua, Nicaragua. They are borrowing $2,275.  Andrea has had a convenience store for almost 9 years and this is her 6th loan. She will use her portion of the loan to buy soda pop and a microwave oven.  This will enable her to offer more products and make more profit.  We loaned $100.

Faith is 33 years old and lives with her two children, ages 2 and 16 in Caldwell, Liberia. She is borrowing $300 to buy gari to use in making shortbread. She has been in business for 6 years and sells 10 hours a day.  We loaned $75.

Acao Permanente Group is five women who live in Santo Andre, Brazil.  They are borrowing $2,500.  Marinete is the leader of the group.  She has a stand for selling sweets and has been there for many years.  She is divorced and has two children.  She will use her portion of the loan to purchase tapioca, sweets and acai.  We loaned $100.

The 3 Ward 5 Group is 4 ladies who live in Pyapan, Myanmar.  They are borrowing $1,100.  Than is one of the group members.  She has been selling spices, particularly black pepper, in her neighborhood for many years.  She will use her portion of the loan to buy black pepper in bulk.  We loaned $75.

The Amancaya Group is 8 women who live in LaPaz, Bolivia.  They are borrowing a total of $6,225.  Celia is the president of the group and has a business selling quinoa.  She will use her portion of the loan to purchase large quantities of quinoa seed in bulk.  We loaned $100.

Jean Claude lives in Delmas, Haiti.  He is 52 years old and received training in metalwork.  Today he owns a shop that sells construction materials.  He is requesting a loan of $275 to buy diverse dimensions of iron to sell.  This is his third loan. We loaned $25.

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Ashurgul lives in Bohtar, Tajikistan and is a seamstress.  However, she also breeds cattle and raises the bulls to sell.  In addition, she has a small plot of land, which you can see in the picture, on which she raises strawberries.  The region where she lives has sunny weather until the end of November, so she is able to harvest strawberries three times a year. She is borrowing $925 to purchase mineral fertilizer for her crop.  Shge will pay the loan back in 12 monthly payments, beginning in January.  This is her third loan.  We loaned $75.

We thank you, as always, for your support.