Marie's family is being supported by her petty trading business selling items like Gari, sugar, soap, mosquito coil, water by the bundle, paste, brushes and some provisions. She also provides lunch - a plate of hot food. Marie is the sole provider because her husband is presently jobless. Marie needs a micro finance loan to better provide for her family of six. This project will provide the funds and the "hand up" that Marie needs to grow her business.
Marie's business is doing well but she does not have any credit history or collateral. As a result, she is not able to obtain a loan from traditional banks. This project will solve the problem by providing funds for a microfinance loan for Marie. The funds will provide the needed resources for Marie to grow her business.
Project funds will be used to purchase more items at a larger discount for Marie to sell at her business. She will also be able to construct a better shed where she provides lunch. This will help her business attract more clients. This microfinance, interest-free loan will provide hope, opportunity, and transformation to Marie. With the proceeds from her business, Marie will be able to better take care of her family.
With these funds. Marie's business will grow and expand. Marie will be able to move from barely making enough to meet her family's basic needs (living from hand to mouth) to a point where she will expand and potentially provide employment to others.
