Friday, February 24, 2012

More great microfinance success stories!

Likelesh Gebru, Ethiopia

To supplement her husband’s tiny income, Likelesh Gebru, a mother of five in Kacha Bira, started a small trading business. But when he was jailed for four years, Likelesh was left to provide for the family. As one of the first clients of the newly-built Wisdom Microfinance, she received 11 loans over 10 years and her business grew exponentially. Her profits have allowed her, her children, and four of her relatives to go to school.

Marcelino Lopez, Colombia

Lopez and his family were living in a plastic tent in Barrio Nelson Mandela, Colombia, with $300 to his name. Driven to a refugee camp by guerrilla violence, Lopez turned to Fundación Mario Santo Domingo for a $95 loan and opened a small convenience store. A year later, Lopez had moved his family into a concrete home where he ran the most successful butcher shop in the barrio.

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