Mercy owns and operates a grocery shop and sells items like rice, evaporated milk, canned foods and drinks, assorted cooking oil, washing powder, toilet soaps, candies and biscuits. She wants to use this loan to buy a bulk stock of rice, canned foods and drinks, milk, assorted food spices, washing soaps and powders and other items. She wants to increase her stock in the current season to avoid price hikes due to the food crisis. Mercy hopes to make a good income from the expanded business to finance her children’s education and to provide them with life opportunities better than what she has had.
She belongs to the community group called Humility Trust Group. In this group, members guarantee for one another as social collateral to access loans and peer pressure to repay the loans.
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Success!! The loan was 100% repaid