Friday, 11 November 2005
Microfinancing From The Entrepreneur's Perspective
As a follow-up to yesterday's post, here's a letter by a business owner who was the recipient of a $300 loan from Kiva (which has been repaid in full):
Greetings from Tororo Uganda in the name of our lord Jesus Christ. I want to thank all of you for the loan money that you gave to me . Your money changed the life of my family together with the community from the area we operate in. My business has gone so high in stock and profit. This is the reason why I have been able to pay back all the loan money that I got from you.
I have been able to do the following with the help of the money that I get as profit our of my business:
1. Pay the school fees for all my children.
2. Im able to buy balance diet food for the family.
3. Im able to buy cloths for my children.
4. We have been able to buy Mattress and blackett to sleep on for the first time ever since we got married . We have been married for the last 12 years.
5. My husband use to beat me a lot with abusive words of despise,but now we are living as king and Queen in our house.
6. We have bought clean cups, saucepans plents for the family.
7. The burden of my husband has been rolled away. The percentage of the growth of our family has gone from 15% to 80%.
8. We can now afford to take our family members for good treatment.
9.I can buy basic family requirements without any problem.
The entire community has benefited from the loan money that you gave to me by eating the very best nutritious and good food that he serve in our hotel. When time comes for you to visit Uganda, we will be able to serve you with very delicious food like Red Lobster etc. Recently, the local government authorities gave us a lincese as one of the best hotels with good hygine and healthy food. This shows that your money has not benefited my family alone but even the community at large. The stock and the profit of our business had gone up by 85%.
I want to thank you for having helped me to come out of poverty and heal my marriage that was about to break because of poverty. You have made me to be a champion out of nobody. Im saying this when tears are rolling down my chicks. I can’t imagine were I have come from and where I have reached now. I beg you to continue supporting the Kiva program such that our poor people can benefit from your soft loan that has already seen me through. Your loan doesen’t support only one person, but the services reaches all the community at large. Such a great help had never reached our people until when Kiva came with the initiative of eradicating poverty in the lives of our people through the soft loan. I will be very grateful for your support to Kiva beneficiaries. May the heavenly god open the flood gates of heaven and bless you abundantly.
Yours In Christ Christine Awora.
It's hard to imagine that $300 dollars can make such an immeasurable difference, isn't it? And there's loads more where this letter came from.
Posted by flow Frazao on November 11, 2005 at 07:12 PM in Kiva/VEF, Microfinancing | Permalink
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