Building a Business Step-by-Step
Shortly after joining the group, Fourera decided to take out her first loan, for $1.40. With this seed money, she bought leather laces to weave mats. These laces enabled her to make and sell several mats, and the profit from those sales allowed her to pay off that loan quickly and take another loan for $7.00. With this second loan, she bought baobab leaves and okra in one market, packed them up and carried them through the heat for several hours, and sold them in another market at a higher price.
She then paid off the $7 loan and took yet another, larger loan for $14, which she used to buy and sell a sack of millet. With the profit from that sale, she bought more leather laces and made sixty mats, more than ...
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