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Microlending

Josephine is 32-years-old, married and has four children. She has been
very proactive in creating her business of selling kerosene to local
people for use in their homes.
Josephine is limited financially in her ability to purchase large quantities of kerosene that will fill her 7,000 liter tank, thus her reason for requesting the loan. Her loan was for $875.
This loan was a 10 month loan that was successfully repaid in June 2009.
Josephine made a holding tank by fixing a pumping machine and writing
"Kerosene for Sale" on the tank. She sells each liter for 64 naira
(which is about 55 cents) and makes about ten cents of gross profit per
liter. It takes a lot of time to get to a gas station to buy kerosene,
which is why local households patronize her business.
Josephine is limited financially in her ability to purchase large quantities of kerosene that will fill her 7,000 liter tank, thus her reason for requesting the loan. Her loan was for $875.
This loan was a 10 month loan that was successfully repaid in June 2009.
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