Warm greetings and thank you very much for your kindness and generosity in supporting our initiative for small business and poor entrepreneurs. We are happy to report that our project is doing well with local supporters also chipping-in especially during this time with the Coronavirus pandemic when assistance to entrepreneurs is very much needed. During this time we focused our effort to the promotion of delectable, highly-nutritious crops such as dragon fruits which has the potential for value adding via processing. We aim to expand this project and organize a small cooperative where farmers will be able to process their raw crops. Aside from dragon fruits which we intend to process into wine and candies, we also aim to produce tea from ginger and turmeric. Hoping for your continuing support and assistance to this endeavour. This reporting period we are able to assist 120 small farmers and entrepreneurs expand their farm production with the aim of processing their products in about 2-3 months time.
Warm greetings and thank you very much for your generous support to our project supporting small business for poor entrepreneurs. We are happy to report that the entrepreneurs that we were able to support are now providing value added to their products. Most of these are centered on the processing of fresh fruits and vegetables in order to extend the shelf-life as well as to improve marketing. One of the agricultural ventures that we are promoting is the raising of ducks for eggs and meat and this reporting period we succeeded in producing salted eggs from duck eggs. Salted egg is a delicacy here and commands high price besides it last long. Five of our entrepreneurs are engaged in this business. Hoping for your continuing support.
Warm greetings and thank you very much for supporting our project providing small business for poor entrepreneurs. Poor entrepreneurs are not bankable and they have difficulty finding source of their capital in order to start or scale-up their business. This is indeed a problem and there are socialized credit schemes available for them but the procedure of applying for a loan is difficult and complicated. This reporting period, we are trying to explore possibilities of small-scale support for non-bankable and high credit-risk small-scale entrepreneurs and at the same time promoting and showcasing their products in order to find good market outlets. There are a lot of resources that can be tapped in order for various business to be started and to grow. We aim to develop and promote at least 10 of these product lines in the coming months.
Warm greetings and thank you very much for supporting our initiative supporting small business for poor entrepreneurs. This reporting period we focused on providing goats as one of the best livelihood option for small scale farm-holders. This is because goats are easy to raise, do not need purchased food and they can grow on local grasses. We trained the beneficiaries to either tether the goats if their farm area is small or are already fully planted with crops or the goats can just roam around if their area is large. The goats can be used for their meat or for the milk. Demand in the market for goats is always high. We are able to disperse a total of 8 female goats this reporting period.
Warm greetings and thank you very much for your generous support to our project supporting small business for poor entrepreneurs. This project is very urgent in the sense that poor entrepreneurs have very little access to productive credit and they often resort to borrowing from usurers at very high rates of interest. Profit in this manner is very low and the payment of the loans eats up most of it. Our strategy is in not providing them with direct cash amount but provide them with farming inputs that they are able to use to expand their business. This reporting period we provided 10 entrepreneurs with ducklings that they can grow for their meat and eggs when the ducks mature. Each of them were provided with 20 ducklings each.
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