As with many AT clients, Um Khaled’s husband does not have a secure income – at times they have struggled to provide adequate meals for their children.
Um Khaled decided she must earn money somehow so she decided to start a small side-business buying household products from a wholesaler on credit and selling them at a profit to neighbors.Before joining Al-Tadamun, Um Khaled was charged high effective interest rates by her dealers and she was not able to choose the products she purchased. The dealer claimed that because she was buying on credit, she had to accept the products he chose to give her.
Al-Tadamun field staff reached out to Um Khaled and encouraged her to join and she found the programs terms and conditions agreeable. The access to credit gave her the opportunity to escape the predatory lending of the wholesalers. With the capital provided by her loan, she could choose the best products– increasing her profits while reducing the interest she paid and allowing her to maintain a better inventory of products.
