Today, get an extra $25 to lend when you make your first Kiva loan.
Magbanie Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped To purchase palm oil for resale.
Magbanie Group's story
Yabom (second from right) is the leader of the group. She is forty years of age. As noted earlier, she was born in Magbanie village. Marriage brought her to Masorie village, where today she is managing her business. She is married with one child. Her child is also married. Her husband serves as a local chief whose duties include arbitrating disputes among members of the community.
Yabom sells local produce like palm oil and pepper. With this new loan, she will expand her business: she will be able to buy an additional ten to fifteen barters (five gallons to a barter) of palm oil to add to her current stock. In the village of Masori, a barter of palm oil cost her 30,000 LE. She will pay a fare of 14,000 LE round-trip to transport herself and the palm oil to Makeni. So far, Yabom faces no serious challenge in her business worth noting. She enjoys what she does for a living.
To Fatmata and colleagues in the group, an increase in profit means making their lives better. They will be able to take care of their children, specifically with their educational and nutritional needs, as well as saving some for emergencies.