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By Cora Sayre | Project Leader
Dear Friend,
Warmest greetings and thank you very much for your generous support to our initiative supporting small business for poor entrepreneurs. During this reporting period, we ponder upon a difficult reality, that is, poor entrepreneurs most often are not able to pay off their loans intended for their business and some of the loans are used to purchase food and other basic necessities or to pay existing loans. This is problematic and there should be a way in order to solve this situation. In this case and during this reporting period, we focus our efforts to try to design a program wherein beneficiaries will be able to pay in kind with our supervision. In kind payment maybe in terms of small animals or vegetable production from the loan. We are trying this pilot with 50 beneficiaries and then assess progress in 2-3 months time. Hoping that this strategy will be successful. Thank you for your support.
Very sincerely yours,
Cora
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