A Loan To Magda
By: Lauren Rausch
This is Magda
Magda is 28 years old. She is married and has two children. She is requesting $575 so she can continue her business of selling clothes, bridal bedding and blankets. One day she hopes to make enough money so she can have better living conditions for her children.
Effects of the Loan
Loans can be very helpful especially with getting small businesses running. With these small businesses it can help not just the micro-entrepreneurs but the community as well. It can do this by helping other people buy the goods they can not make themselves. The micro-entrepreneurs then make money so they can buy the things they need or want like food or a stove. The micro-entrepreneurs can also provide for other people in their family, like Magda is.
Magda lives in a little town called Baniswef, Egypt.
Woman In Egypt Face Many Challenges.
Everyday woman in Egypt and even all over Africa face many challenges. They do not have easy acceptability to food, water and medicine. Most woman in Africa do not have enough money to get these things easily. They do not have enough money to have proper shelter and clothing.
How Woman are Changing Their Communities
Woman are changing their communities everyday. They are doing this by selling goods like clothing, bedding and food. The people that are buying these products are profiting by getting their needs. So overall, it's win win for everyone in the community.