Borrower Profiles
The Pu Cheng County Women's Sustainable Development Association (PCWSDA) has made over 3,200 loans to approximately 1,600 customers totalling over RMB 4.6 million (about $650,000 at an exchange rate of RMB7:US$1). These customers have all established micro businesses and are generating income up to 50% higher than previous years. The following are examples of current or recent borrowers.
Note: The exchange rate between RMB and U.S.dollar is approximately 7 to 1 as of May 2008.
| Borrower #62 Age: 46, Sex: F | ||
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Household | husband, children(18, 20), elder (72) |
| Business | Farms 6 mu of cotton | |
| Loan use | Buy seeds, soil prep, and fertilizer | |
| Pre-loan income | 9600 RMB | |
| Last loan | 2000 RMB | |
| Net income generated from loan | 3220 RMB | |
| Use of additional income | Send children back to school, build brick house | |
| Borrower #63 Age: 36, Sex: F | ||
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Household | Husband, child(14) |
| Business | 8 mu cotton farm | |
| Loan use | Buy soil prep and fertilizer for 8 mu of cotton, fee for plow machine | |
| Pre-loan income | 9600 RMB | |
| Last loan | 3000 RMB | |
| Net income generated from loan | 2730 RMB | |
| Use of additional income | Send child back to school, buy fertilizer | |
| Borrower #64 Age: 37, Sex: F | ||
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Household | husband, (children(9, 14) |
| Business | 10 mu cotton farm, small vending business | |
| Loan use | Buy chemicals for 10 mu of cotton, inventory for weaving business | |
| Pre-loan income | 8500 RMB | |
| Last loan | 1000 RMB | |
| Net income generated from loan | 3700 RMB | |
| Use of additional income | Build brick house, invest more in small business, buy fertilizer | |
| Borrower #65 Age: 44, Sex: F | ||
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Household | husband, children(21, 21), elder(77) |
| Business | 3 mu cotton, 2 mu peaches | |
| Loan use | Buy fertilizer and seeds for cotton, fertilizer and chemicals for peaches | |
| Pre-loan income | 8500 RMB | |
| Last loan | 2000 RMB | |
| Net income generated from loan | 3070 RMB | |
| Use of additional income | Send children back to school, buy fertilizer and seeds | |
| Borrower #88 Age: 46, Sex: F | ||
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Household | husband, 2 children (19, 22), parent (72) |
| Business | 10 mu cotton farm | |
| Loan use | Feeds for chicken, fertilizer, and seeds | |
| Pre-loan income | 15000 RMB | |
| Last loan | 2000 RMB | |
| Net income generated from loan | 2473 RMB | |
| Use of additional income | Buy seeds, fertilizer, field prep; take better care of parent | |
| Borrower #29 Age: 47, Sex: M | ||
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Household | child(20), wife deceased |
| Business | 10 mu cotton farm | |
| Loan use | Buy soil prep, fertilizer, chemicals, and seeds | |
| Pre-loan income | 8000 RMB | |
| Last loan | 2000 RMB | |
| Net income generated from loan | 2770 RMB | |
| Use of additional income | Send children to school, buy new seeds, fertilizer, field prep | |
