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Nanay Maria

Nanay Maria used to sell eggs and rice cakes by the side of the road near her village in the Philippines. She knew there was a market for additional items, but didn’t have the extra money she needed to expand her business. Then Nanay Maria joined CARD Bank, a microfinance institution and Grameen Foundation partner in the Philippines. With an initial loan of 3,000 pesos (about $73) and her small savings, Nanay Maria began selling another local delicacy – sweetened bananas on a stick at her stand.