Project Report
| Jul 5, 2017
Work animals as the main business enterprise
By Cora Sayre | Project Leader
![Providing work animal]()
Providing work animal
Dear Friend,
Warm greetings and thank you very much for your generous support to our initiative to provide livelihoods for poor entrepreneurs. This reporting period we continue to expand our work animal-based business enterprise for poor farming families. The work animals comprising water buffalo or cow is used for hire in the farms of other farmers earning income for the animal raiser/project partner. The partner pays the animal either in terms of offpspring if it is female or by monthly amortization if it is male. In this way the partner earns income aside from the fact that he got to use the animal in his farm and expand his own farm activity.
This reporting period, we are able to provide 5 families with one water buffalo each.
Hoping for your continuing support to this project.
Very sincerely yours,
Cora
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Apr 10, 2017
Farm-based livelihood initiative
By Cora Sayre | Project Leader
![Young goat released to a beneficiary]()
Young goat released to a beneficiary
Dear Friend,
Warm greetings and thank you very much for your support to small business here. Our project is going very well with the deployment of 2 community volunteers in the area. The volunteers assess and validate new loans, collect on-going loans and help educate beneficiaries on ways to expand and improve their initiative. This reporting period, we focus on providing farm-based loans by providing small animals such as chickens, goats and ducks to qualified beneficiaries with the aim of collecting offspring as repayment and then releasing this to new beneficiaries. We inputted a 2% interest on the loans and compute this via the offspring as repayment.
We have already an initial of 20 first batch clients for this and hope we will be able to increase the number in the coming months.
With much gratitude,
Cora
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Jan 17, 2017
Continue supporting entrepreneurs
By Elmer Sayre | Project Leader
![One of our client]()
One of our client
Dear Friends,
Warm greetings and thank you very much for your generous support in order for us to assist small, poor entrepreneurs who are almost always, due to lack of capital, borrow from loan sharks and at the mercy of them. We conduct thorough background check and assessment of a potential borrower in order to minimize default to almost zero. Last reporting period we were able to provide 19 loans to 19 borrowers and during this time we are able to add 26 more. Good to note that we got a bonus of 2,000 British Pounds from the Christmas Giving campaign and this provide us with a big boost as we start the new year. We are focusing our support to Subanen Indigenous People living in the mountains of the municipality of Sergio Osmena. We will also expand our work this year with the Higaonon Indigenous People in Misamis Oriental. Both are mostly small-scale farmers and artisans and credit to start or expand farming and small business for them is hard to come by.
Again thank you very much and More Power!
Very sincerely yours,
Elmer Sayre
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