Micro Loan, Major Difference

July 17, 2020

A little goes a long way in many countries around the world. 

That’s why we help fund microloans for people all across the globe. And these microloans make a BIG difference. Like in Nigeria, where the average annual income is only $6,000.

With sales proceeds from our Nigeria Tote line, we’ve funded microloans for 3 Nigerian business owners.

From Audu, a hardworking farmer in Kaduna, Nigeria who used his loan to purchase additional farmland for his sustainable farming business.

Fun fact about Audu: he is all about efficiency. In fact, his farm produces 222% as many crops per acre than the Nigerian average!

To Abubakar, a maize farmer in northern Nigeria who received a harvest advance loan so that he could store his maize for a few months and sell it a higher price later (instead of selling it immediately at harvest when prices are the lowest due to high supply of maize).

Fun fact about Abubakar: he is skilled with his hands. He loves working on his home and improving it for his family. 

To Uju, who processes cooking oils to sell at local markets in southwest Nigeria. She and her team (Chinwe, Ogechukwu, Lilian, and Vitalis) are using the microloan to help expand their oil processing business.

Fun fact about Uju: she is a mother of six. The profits in her business go towards paying her children’s school tuition.

The impact these businesses have in the lives of their families, communities, and countries is AWESOME. The amazing men and women behind these businesses are dedicated to helping their communities, and that is the reason why microloans are so powerful. 

Here’s to making a positive difference in your community and communities around the world & to feeling good—because after all, it’s Friday!

-the Taaluma Team

P.S. Plus a shoutout to the Nigerian tote that funded these microloans

 




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