By Cora Sayre | Project Leader
Dear Friend,
Warm greetings and thank you very much for your kind support to our project providing loans to poor entrepreneurs. Utilizing open spaces in the homes and then training the beneficiaries to grow a variety of high-valued herbs and root crops is an addition to our menu of support in order to improve the enterprise of poor beneficiaries here. I realize that they already have plenty of available local resources such as soil, water, waste from the farm and kitchen as organic fertilizer and aided by the light of the sun this is a potent combination for a sustainable garden. In order to spread our resource, each of our target beneficiaries receive an average of pesos 2,000 (USD $40) payable in 90 days, which is the growing cycle of most vegetables. This reporting period we are able to disburse loan fund good for 150 beneficiaries. The repayments will be recycled as they come in.
Thank you very much for your generous support to this important initiative.
Very sincerely yours,
Cora
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