Kathleen M. Snoddon recently returned from Morocco where she was able to witness microfinance first-hand. This is the fourth in a five-part blog series about her journeys.
[caption id="attachment_184" align="alignright" width="300" caption="Fennan and her goats"][/caption]
Fennan appeared to be in her early thirties. She was pregnant with her fourth child. Her other children were gathered around her, hiding behind her skirt and peering curiously at our group. Her loan from FONDEP had been 2000 Moroccan Dirham, about $250. With it, she purchased two goats. That was three years ago. Her goats have since multiplied. She has six. Each morning, Fennan milks her goats and walks to the nearest market to sell the milk. The trek is 7 kilometers each way, 14 kilometers each morning. This provides her with 30 Moroccan Dirham a day in income, $3.70. Her husband, like most men in the village is a farm laborer. He works seasonally to plant and harvest the olive and apple trees and other products including lavender and fava beans that are grown in the countryside on the land owned by the “wealthy” men from the city. Fennan’s earnings provide a steady income for the family.