Devaki has two daughters. Her and her husband used to work as laborers to sustain their family. When she needed Rs. 5,000 [AU$59] her neighbor did not trust that she could repay the loan so refused to give her anything.
During the My Business My Freedom microfinance orientation program in Chitwan region, Devaki told her problems to the facilitator. She had been trying to save some money to buy some buffalo but she couldn’t save enough.
Seeing her spirit to be independent, the My Business My Freedom manager offered for Devaki to join the program. After her training, she was granted a Rs. 50,000 [AU$594] microloan. Now she was able to purchase a female buffalo. She was blessed with a pregnant buffalo so her financial return began very quickly.
The buffalo gives around 8 litres of milk everyday. She sells the milk for Rs. 50 [AU.59c] per litre. Besides selling milk, she also sells ghee made out of the milk in the market. The income has been so helpful for her family. She is faithfully making her loan repayments and out of her extra income, has bought a she-goat.
Devika is the leader of one of the microfinance groups in the My Business My Freedom project and has been an advocate for this work in her community while being able to give her two daughters an education and a bright future.
Project Partners
The Honor 1000 Microfinance Program not only aims to provide assistance to impoverished yet determined mothers who wish to start their own small business, but works to see them succeed and improve their lives. This helps reduce the risk of being lured into the world of trafficking and cybersex to gain income.
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One day, a loans officer from the My Business My Freedom Microfinance Project invited Moti to come along to a local microfinance women’s group meeting. After two hours of orientation on financial management, she was encouraged that she also can do something to support her family. Her life has significantly improved since.
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Little Joel became an orphan when his mother passed away but was recently adopted by his step grandmother, Nyanchoka. He is four years old and is expected to start school next year. Nyanchoka has been living alone since her husband died. Before Joel came into her home, she spent most of her time at her small tea farm, just waiting for the end of the day, then go home to her lonely house.
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On May 2nd, 33 families in remote Qinghai province in China, joined the Pigs for Poverty Project and received 2 piglets. This project provides training, program management & support, and 2 quality breeding sows to get them started in their new small pig raising business. This will enable increased income producing capacity and resulting in children remaining...
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The Husky Energy Tailoring Skills Project For Women has brought Tserang such confidence and stability in her life. She is able to send her children to school, knowing that she will also be able to provide them with a college education when they are older. She wants her children to have the opportunity of a career and a stable income.
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Mina was married at the age of 15. Now, at 32, her and her husband have a daughter and two sons. She was from a poor farming family. She tells us her story. “I started a ‘Chatpat’ (a quick sour, chilly snack) selling business with an investment of about Rs. 2,000 (US$17) as that’s all my family could afford. I was able to earn around Rs. 1,000 (US$8) daily and although this was not much, it boosted my confidence. That was 6 years ago. I wanted to grow my business but I wasn’t able to get a loan."
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