Content sections
Image
Miracle Ali working with her grinding machine

Miracle working with her grinding machine

Miracle joined Zumunchi VSLA, one of the first Village Savings and Loans Associations in Ndaforo 1 Community and began saving. "Our share value was 500 naira, and I immediately decided to buy all five shares weekly," she narrates. With this decision, she has received a total of ₦125,000 from her savings. She added some money to these savings and bought a new grinding machine at the cost of ₦150,000. This machine increased her access to capital for her palm oil business. 

Now, Miracle produces up to 10 20-litre jerricans of oil weekly, making as much as ₦20,000 weekly from palm oil sales alone. "In addition to the oil business and during the peak season, I make as much as ₦10,000 on some days and nothing on others, but I often average ₦20,000 weekly from the machine alone," she stated.

Image
Miracle with one of her newly remodeled houses

Miracle with one of her newly remodeled houses

Today, thanks to her diversified businesses, Miracle has built two houses. She spent over ₦250,000 on the roofing of one of the houses. She has also saved up to ₦5,000 weekly in her VSLA. Recounting some of her achievements from the VSLA, she stated, "Initially, this building was just two rooms and was on the verge of collapsing. I pulled it down, used cement to lay a new foundation, and then expanded it to three rooms. I have also built another block of 2 rooms in one of my plots. That one is for my children." She added, "I wouldn’t have achieved any of these without the knowledge of savings I got from the VSLA through the PROSELL project."

 

About the Project

Tagged with