September Microcredit Club Update

The U-City microcredit club met virtually on August 29, 2017 and made 8 loans totaling $600, as follows:

The Juntos Somos Parceiros Group is 6 entrepreneurs who live and work in Sao Paolo, Brazil.  They are borrowing $2,900 to be paid back in 5 months beginning in October. Helena has a small bar and sells soft drinks and other drinks;  Dalva sells cosmetics door-to-door; Sergio sells barbecued meat,; Renata sells vegetables at amarket; Carol sells cosmetics door-to-door and Geany, the leader of the group, works in podiatry.  Her portion of the loan will be used to buy pliers, medicine and equipment.  We loaned $100.

Iti is a 31 year old married woman with 2 children who lives in Cooch Behar in West Bengal, India.  Iti and her husband make garlands of artificial flowers and have a monthly income of INR 8,000.  She is borrowing INR 28,000 to be paid back in 12 months to purchase raw materials so that they can increase the number of garlands they make and increase their income.  We loaned $100.

Zaida is a member of the The Wajasiliamali Group - Buguruni in Dar es Salaam, Tanzania.  She is in her mid-30's, married with two children and operates a food stall where she works from 8AM to 9PM every day.  The group is borrowing $325 to be paid back in 6 months.  Zaida will use her portion of the loan to buy kilos of wheat flour, rice, sugar and beans as well as a supply of charcoal, liters of paraffin, cartons of clean water and ingredients to make rice 'pilau'.  

The Maelewano Zomboko Group is three ladies who also live in Dar es Salaam, Tanzania. The group is borrowing $1,475 to be paid back in 9 months.  Zuhura is a hard working woman in her late 30s with 3 children in school.  She has a fish shop where she works from 8AM to 8PM every day,  She has been in business for 3 years and this is her third loan.  She will use her portion of the loan to buy a refrigerator for keeping fish, a scale for weighing and more fish to sell.  We loaned $50.

Mariama's Group is seven ladies who live in Senegal.  The group is borrowing $5,150 to be repaid in one payment in April 2018.  Mariama is 47 years old with 4 children.  She has been selling fruitat the town's bus station for 10 years.  With her portion of the loan, she will buy 11 buckets of mangoes and eleven boxes of oranges to resell.  We loaned $100.

Malaika Group is at least 26 women from Goma, North Kivu province, Congo (DemRep).

Petronille is 57 years old , married to a pastor, and the mother of eight children.  She began her business of selling various sorts of clothing on the street in Goma.  She will use her portion of the loan to buy30 lengths of pagne cloth.  We loaned $50.

Hien, the leader of Hien's Group, is a 37 year-old Thai ethnic woman living in Mai Son district, Viet Nam with her husband and two sons.  They are farmers and breeders but barely make enough to live on. She is borrowing money to purchase fertilizer for the coffee field in order to increase the coffee yield.  The 6 woman group is borrowing $2,525 to be paid back in 12 months. We loaned $100.

Neriman is 43 years old, lives in Turkey and is a mother of two.  She runs a shop where she makes and sells jewelry made out of meerschaum (a mineral found in Turkey).  She has years of experience making necklaces, earrings and prayer beads.  With her 7th loan of $700, she will buy raw meerschaum stone in bulk.  We loaned $50.

Thank you for your support and prayers.