Location:
Lemba, Democratic Republic of the Congo
(100 mi. SW of Kinshasa)
Bank Inaugurated:
June 24, 2004
Bank Members: 40
Typical loan amount:
$40.00 (US)
Ages of borrowers:
20 to 56 years
Typical duration of loan:
4 months
Typical repayment rate:
about 95% |
Proceeds from
Saltwater UU Fair Trade
Craft Saleshave funded a second village bank.
The Saint Benoit Village Bank is
located in the Democratic Republic of the Congo
(formerly Zaire).
Thanks
to the generosity of Saltwater Church, Saint Benoit
Village Bank will make loans to the poor of Lemba, DRC,
so that they can start or improve small businesses. The
first borrowers (mostly women) have used their loans for
businesses in food, spices, clothing, firewood, jewelry,
and palm oil.
These
loans will help the poorest of the poor help themselves
escape from poverty.
(Click here for more information on
Village Banks.)
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