Fati A. is 49 years old. She is married and has seven children who are currently in school. Fati has been a local manufacturer of palm kernel oil for 11 years. Palm kernels are processed through various stages to obtain the oil, which is used to prepare many local dishes. She supplies her oil to food vendors. However, her production is on a small scale because of her low working capital. The loan would allow Fati to buy more palm kernels and an electric milling machine; the machine would increase her efficiency in producing larger quantities. Fati believes this will help expand her business and raise more income to help her husband provide food for her family and to finance her children’s educations. She belongs to the community group called “Megyefo Tease” (My Redeemer Lives) Trust Group and she was photographed at a group meeting. In this group, members serve as social collateral for one another, both to access loans and as peer pressure to repay loans.
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Success!! The loan was 100% repaid