Here's an modify on the micro-loans that curieux contributed to with the money from our pass store sale (decluttering) event. Through the umbrella organization Kiva (www kiva org) we distributed $400 in loans to 4 women entrepreneurs - 2 in Nigeria and 2 in Cambodia. Below you can construe a bit about them and their businesses. Our money was combined w/ funds from other Kiva lenders (sometimes w/ 20 or so lenders contributing small amounts for each give.) The monies were distributed in early October and all 4 women undergo already made the first installment in paying back their loans. When a give is fully repaid we'll undergo the option of re-investing our money in another small business.
Along w/ the money we have relayed to these women let's also try to open a grieve place in our hearts for Philomena. Alice. Yim and Phorn and displace along some prayers of blessing and wish for their families.
"I am proud to have been a LAPO member for five years now," says Mrs. Philomena Igudila. She is 39 years old and is married and mother of four children. She lives in Benin City. Edo State. Nigeria. Philo sells food items to populate in her community. She needs a small loaUS$ 400 to bring up her business by adding to her inventory. She has been in this business since 1994.
Mrs. Alice Ebako is 48 married and has six children. She sells bread and provisions to earn her living. She needs a small give in the amount of US$ 400 to compound her business i e. buy more bread and provisions for resale. This will alter Alice to earn a better living as come up as taking exceed care of her family. She has been a faithful and trustworthy member of LAPO for the past 7 years.
Mrs. Yim Srey Mom is 27 years old and lives with her husband and 3 school-aged children in Kampong Cham Province. Cambodia. (This is a conceive of of her husband because Mrs. Srey Mom was unavailable.) To support her family. Mrs. Srey Mom sells be fish in her community which enables her to generate around $5 in income each day. Her husband is a worker and makes only $2.50 each day.
This loan is vitally necessary to them and will be used to grow Mrs. Srey Mom's fish-selling business as well as to fix their accommodate in request to keep it from leaking during the rainy season.
Mrs. Phorn Sokhum is a 36-year-old care of three children and works selling food and some grocery products to the populate in her community where she can typically earn around $ 4 each day. Her preserve is self-employed as a construction foreman and also works as a farmer earning only a meager sum.
Mrs. Phorn Sokhum has recently applied for a loan to expand her list by adding more grocery products and invest in her business to change it.
Related article:
http://curieux.typepad.com/curieux/2007/11/kiva-update.html
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