Chickens for Renu – Microfinance taking shape in Nepal
Renu is 24 years of age and is unmarried. She lived an idle life and was found to be at high-risk of being trafficked. With the help and training from the My Business My Freedom program (a Captivating and 3AN joint project), Renu has now started a mini poultry business. She had no understanding about how to run a business or why it was important for her to be self-sufficient. The group Renu is part of has helped her with learning so much about the risks of human trafficking, how to manage a business, social issues and saving money to invest in her future. Now she has 20 chicken as her poultry farm.
Renu’s first loan from the My Business My Freedom program was Rs. 33,500 [US$318]. She is happy to be busy with her poultry farm and now understands the importance of independence and she is getting encouragement from the Microfinance group she is part of. Renu is also able to help new women who join her group and encourage them to start their own businesses.
Women Entrepreneurs Affected during Nepal Lockdown
Anjana, 30, is married and has 2 children. Because she married at an early age of 16 with neither her or her husband having any source of income, their parents refused to support them. She felt the need to work or start her own business, but she had no means of funding. To support the family, Anjana’s husband started working at a cobbler’s place. There he earned about NPR 6,000 (AUD 65) per month, which was barely enough to provide for their rent and other basic needs. They struggled financially.
Suma Pun (28) lives with her husband and child. Her husband is 60 years old and unable to support his family. Suma joined the My Business My Freedom and with her first microloan, purchased a sewing machine to make clothes to sell.
Yam Rana was married 13 years ago and has a daughter and a son. She and her husband struggled to provide for their family which meant they could not send their children to school. She heard about the My Business My Freedom Program and attended an orientation session. This was an opportunity she knew would help her to grow an income and be able to give her children an education.