She buys the palm fruits from local farmers, processes it in her house to produce the oil and sells at wholesale prices to her customers. Palm oil is a local vegetable oil produced from palm fruit which has been cooked, pounded, sieved and boiled for hours. A reddish substance (the oil) is skimmed off and reboiled to expel water content.
Safuratu plans to use this loan to expand her business by buying palm fruits in bulk to be able to supply more customers. She believes the loan assistance will enable her to scale up production to serve a larger market and eventually to help improve her family's finances.
Safuratu is 40-years old. She is married and has two little kids who are currently in basic school. Her husband is a farmer. She is a member of a trust bank group called Ikushi Allah Trust Group. Members of this group guarantee for one another as social collateral to access the loan and support themselves in handling repayment of the loan.
15View loans »