Josephine is 29 years old and a single mother. She has one child who stays with her mother because Josephine has been unemployed and could not be able to provide for the child.
She recently started a business of selling chicken to local hotels and individual buyers at the Municipal Market. She learnt the art of chicken dressing from her grand father who use to trade at the same market before retiring.
She started her business by stocking chicken given to her on credit by her mother’s friends. She sells the chicken then pays the creditors leaving some income for her. Sometimes she is unable to get the birds on credit and sometimes the Friends do not have the birds. On such occasions she is unable to supply the hotels and therefore earns no income.
Josephine is requesting a loan of US $ 675 to buy a stock of 300 birds. This will enable her meet the demand from her customers without depending so much on her mother’s friends.
The income that she will earn will enable her take her son from her mother and provide for him herself. She will be able to take him to school and to meet her own up keep.
She will employ one other person to help her with the chicken dressing while she concentrates on marketing.
She has enough customers and she will be able to repay the loan.