U-City Microcredit Club September Update

The U-City Microcredit Club met on August 30 and made 8 loans, totaling $675, as follows:

The three members of the Damian Group live in Managua, Nicaragua. They are borrowing $650. Isobel is the leader of the group and will use her portion of the loan to buy leaves, pork, achiote, and string. She will use them to make tamales to sell. We loaned $50.

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Five women: Adjata, Kadiatou, Ramata, Mawa (wearing the traditional yellow abbaya) and  Oumou, all live in Bobo Dioulasso, Burkina Faso and comprise the Moussodjigui Group. They are borowing $2,625.

Mawa is 57 years old, married, and has 5 children. She has sold various products for the past 20 years. She will use her portion of the loan to buy 20 tons of fertilizer to sell. She will sell it in the surrounding communities during the rainy season. She is well known for her experience and as a successful business woman. This is the groups second loan. We loaned $100.

The seven members of the Mujeres Activas Xenaco Group live in Santo Domingi,  Sacatepequez, Guatemala. They are borrowing $5,950. Since Flor has 10 years of education, she serves as Secretary. Flor has two businesses. She sells prepared foods and she sells personal care products by catalog. She will use her portion of the loan to replenish inventory. We loaned $75.

Myint and Win comprised Myint's Group. They live in Twan Tay, Township, Myanmar (Burma) and are borrowing $375. Myint has been growing betel plants for 10 years. After she harvests the betel leaves, she sends them to wholesalers. She will use her portion of the loan to purchase bio-fertilizer and hire labor to assist her in planting betel plants. We loaned $50.

Rafiz is a landscaper who lives in Kosovo. He is sixty years old and owns his own business doing stone-cutting in gardens. He is borrowing $1,175 to buy a stone-cutting machine. This will increase his productivity tremendously. We loaned $100. 

The Yeredeme Group consists of 12 persons who live in FALO, Mali. Bina raises goats. He is forty years old and has 10 children between 3 and 18 years old. He has been in the business for more than ten years and he has become quite successful at it. He will use his portion of the loan to buy more goats to feed and to sell. We loaned $100.

Falo's Group is comprised of 10 women from Senegal who are borrowing $3,350. Mrs. Fatoumata Rene is the leader of the group. She sells perfumes and cleaning products. She will use her part of the loan to purchase more inventory. We loaned $100.

Mario Alfonso lives in Arequipa, Peru, and is a farmer. He is 56 years old and has been farming for his whole life. He raises several tuber crops and onions and has now added garlic to his crops. He is borrowing $1,525 so that he can provide maintenance for his crop.  We loaned $100.