By Maia Hristozova | National Director
Dear friends and supporters,
With a summer with 40-42 C working is slightly more challenging. That applies for our students and business we consult as well. Most of them have closed down for the summer and will re-open Sept 15th at the beginning of the school year.
Lilia, the hairdresser from Sofia has put on hold her business because the locations she was hoping to rent, is no longer available. She started a full time job as a hair-dresser and meanwhile she is looking for another place to rent.
Our other promising barber – Raihan, is still working on his Market research.
After a short drama Harry and Merry decided to relocate their flower business to another facility in the same town. Now they are introducing more products as well trying to sell souvenirs.
We continue to offer continuing consultancy to those who are considering business or have launched businesses through our program. We think this “high-consultancy” model sets us apart from other micro-finance programs and is necessary to address the many issues and challenges faced by disadvantaged Bulgarians. Many struggle with their loan repayments and we work with them to find ways to get them back on track and increase the repayment rate.
Thank you for all your support, help and trust in our cause!
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