By Cora Sayre | Project Leader
Dear Friend,
Warm greetings and thank you very much for your support to our project supporting small business for poor entrepreneurs. Most often poor entrepreneurs lack the capital in order to pump-prime their business and they resort to borrowing from moneylenders at very high interest rates. Instead of improving their living conditions, they become more destitute and mired in debts that they have difficulty to pay. Our accomplishment this reporting period is that we are able to tap local resources in the area and asssist a total of 55 entrepreneurs mostly women develop their own product lines. The products that they started with are coconut vinegar from coconut water, spiced chili paste, turmeric powder, production of organic fertilizer, raising of ducks for eggs and meat and raising of chickens and goats. We designed our initiative in such a way that repayments will be used by other beneficiaries wishing to undertake or expand their own livelihoods.
Again thank you very much.
Very sincerely yours,
Cora
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