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Fatima, Raising Sheep |
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| Al Karama, Morocco |
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Fatima, Raising Sheep (winner of Moroccan
microentrepreneur award) |
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Fatima began her business with only 2 sheep and has
expanded to approximately 225 sheep today. She has used her increased
income to purchase property and feels she is less modest than she once
was. Despite the impressive size of her business, and her desire to
access larger loans, Fatima does not have enough collateral to qualify
for a bank loan. Instead she is looking forward to participating in the
individual loan product being developed by Al Karama. She intends to use
the profit to finish building a silo where she keeps the hay that is
used to feed her sheep. Fatima hopes in the future she can buy a piece
of land where she can grow the hay herself and become completely self
sufficient. She lives in a two room house with 10 people and no
electricity. Fatima intends to leave her business to her children who
can expand it further and increase their own opportunities. |
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