International Year of Microcredit 2005
 
         
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  Hello [Your friend's name],
Your friend [Your name] has sent you this email to show you one of the Microcredit stories available on our website at http://www.yearofmicrocredit.org/.
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Fatima Serwoni Fatima Serwoni, Uganda
A Local Call to Success
Fatima Serwoni lives in the village of Namunsi in Uganda and runs a small store, selling food and household items. She has built her business with the help of a series of loans from FOCCAS, a local microfinance institution. Since becoming a client, she has increased her weekly income by 80 per cent and has consistently paid the school fees for her four children. With her most recent loan, Fatima purchased a mobile phone kit to start a pay phone business, becoming one of the first “village phone operators” of MTN villagePhone, an initiative of Grameen Foundation USA and MTN Uganda. Undeterred that her village has no electricity, Fatima uses a car battery to charge her phone. With the nearest public pay phone more than four kilometres away, people in Fatima’s community are happy to have convenient and affordable telephone access for the first time. Fatima is pleased with her new business, which has the added benefit of attracting people to her store and generating greater profit to share with her family.