U-City Microcredit Club March Meeting

The U-City microcredit club met virtually on March 10 and made 9 loans for a total of $600, as follows:

Salanieta is married with two children and lives in Vusu, Fiji. She currently has two businesses that she runs together-  sewing and ice blocks. Because of the popularity of kava, a relaxing drink made from the root of the kava pepper, she is borrowing $800 to buy the equipment and supplies to produce kava powder for sale. We loaned $25. This is our first loan in Fiji and the 78th country in which we have loaned.

Sharofat is married with 3 children and lives in Istaravshan, Tajikistan. She has been farming and breeding cattle for 10 years and is borrowing $350 to pay for plowing the fields, seeds and fertilizer. We loaned $100.

The Indashyikirwa Group is 17 persons who live in Rwanda. The group is borrowing $7,775.  Claudine is the leader of the group. She is 32 years old, married with 4 children. For the last 6 years, she has run a business selling wedding clothes and decorations. She will use her portion of the loan to buy more wedding clothes to sell. We loaned $75.

Sartura is 46 years old and lives with her partner and three children in New Kru, Liberia. For the last 16 years, she has run a business selling bitter ball, pepper, red oil, and other food items in her store which she runs from 6 a.m. to 6 p.m. every day. She is borrowing $275 to purchase more goods to sell. We loaned $50.

The Savet Group is 6 women who live in a village in Svay Reang Province, Cambodia. They are borrowing $2,975. Savet and her husband have been working as construction workers for the last eight years, but they also grow rice. Savet will use her portion of the loan to pay for fertilizer for the rice fields. We loaned $100.

The Luis Espanol Group has ten members who live in La Paz, Bolivia. They are borrowing $7,950. The group elects a  board of directors, and Yaneth is President of the board. She operates a grocery store. She will use her portion of the loan to purchase wholesale canned goods. We loaned $100.

unnamed (9).jpg

Pennapa, pictured above, is Siamese and was born in northeastern Thailand. She met her husband (a Hmong) in Bangkok and moved with him to his home village in Rongkwang, Thailand. Her husband is a farmer, growing feed corn for sale and rice and cabbage for the family. She had her first child earlier this year. Pennape works along with her five sisters-in-law weaving high-margin luxury hammocks. They purchase their raw materials, patterns, etc. from  Yellow Leaf Hammocks. This organization provides training and production support as well as creating an internet market place, enabling Pennape to sell their hammocks to an international base. This is Pennape's second loan cycle, and she is borrowing $2,000. We loaned $25.

Juan is a 61 year old who lives in San Lorenzo, Paraguay. For the last 17 years he has been selling electrical supplies (light bulbs, cable, ballast, fluorescent tubes, etc.) He is borrowing $750 to purchase more inventory. We loaned $50.

Enea is a member of the vulnerable Egyptian community living in Korce, Albania. He lives with his parents and 5 siblings.  Since his father developed health complications 10 years ago, Enea has become the sole source of income for the family. He opened a butcher shop 3 years ago and has been doing well. Last month he used all his savings to pay for medical treatments for his father and now needs to borrow $950 to purchase supplies and inventory for his shop. We loaned $75.

As always, we thank you for your interest, your prayers and your support and invite your participation.