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.
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