By Joshua Molina | Development Director
This year, village loans were provided to four villages, totaling over $16,000. Each village Economic Development Committee received one-on-one training to create a business plan.
The four villages who received new loans decided to divide their approximately $4,000 loan to provide micro-loans for individual villagers. Individuals invested in small businesses like raising and selling chickens or selling charcoal.
Many villages have found that individuals can obtain a substantially higher profit than the village can through a collective village loan.
Links:
Project reports on GlobalGiving are posted directly to globalgiving.org by Project Leaders as they are completed, generally every 3-4 months. To protect the integrity of these documents, GlobalGiving does not alter them; therefore you may find some language or formatting issues.
If you donate to this project or have donated to this project, you can receive an email when this project posts a report. You can also subscribe for reports without donating.
