In January 2018, we started giving out loans to participants of the Keep a Girl Alive project. It has been going well, beyond our expectations. 24 girls have requested for loans to improve on their businesses and so far up to 95% of the girls pay back on time. The loan project has really been effective and the number is increasing from 15 girls in the month of April to 24 presently. Those who took the loans are seeing the effects already.
Lizette made an increase of 24% in her profits as a result of her increase in capital. She is now running a small permanent shop. She was before selling in the local market and this is an important step up. Irene too is making a great profit from her business as a result of an increase in her capital. Her profit has increased by about 20%. It was all possible thanks to you. There are some setbacks with a few of the ladies due to some personal reasons. For instance, Christina, lost her small nephew and she wasn’t able to pay back for that month, she was the only one taking care of him. But she recovered and she has already paid back the loan. Also, the general market conditions have also posed some challenges due to the current conflict between state and non-state armed forces. Some market days are lost, the safety of movement is not guaranteed and some commodity prices have increased. Also, major roads have been blocked which makes the purchase of some products difficult.
But in all, your donation has greatly helped the girls to increase their purchasing power and as a result increase in their profits as compared to the previous months. Most of them aspire to be operating bigger businesses in the nearest future and also to make life easy for their children when they grow up. As per their current data, I think these goals can be achieved. All thanks to you, donors.
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