established by One Heart Action Group October 2007
(the cycle term of all the loans is 6 months with the payments collected monthly)
Age: 28
Business: Sells Spices
Loan amount: $150 (US)
Loan Use: Bought more spices to sell
Payment Amount: $34.75 (principal $25, Interest $4.50, Savings $4.50, Insurance $0.50, Administrative Costs $0.25)
Breve Historia: “I have my own business, but I had little merchandise and didn’t have enough to get more. Now with the credit the bank gave me, I strengthened it and received more earning to provide for my son. I thank my mother for teaching me to work, and I thank God for giving me the opportunity to have our own bank in the community.
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