Suma is 28 years old. She lives with her fifty-five-year-old husband and their son. When they first moved to a new region in Nepal, they were empty handed. Starting a new life was very hard and they were only able to eat 1 meal a day. Suma took a tailoring course for a year and after 2 years, managed to open a small tailoring shop.
She heard about the My Business My Freedom Program from a woman near her who had taken a microloan under the program about one and a half years ago. She asked the group leader to include her in their group and after training in small business management and budgeting, received her first loan. The added capital enabled her to increase the stock in her shop, consequently helping her sales increase. She has since paid back her first microloan and has taken a second. With her latest capital funding, she purchased a quality sewing machine and more stock for her shop. She earns 800 rupees [US$7] from the tailoring and 500 rupees [US$4] from a clothes store daily. This has helped to improve her household. As such, she plans to continue and hopefully expand her shop in the future.
Suma hopes to maintain the trust that her group has in her by repaying her microloan on time. As a young woman she is happy to have the resources and capacity to be independent and is grateful to the My Business My Freedom Program for empowering her.
Our Partners
Last month, our co-founders Andrew and Julie Colquhoun went to Nepal to visit our current projects and partners in the region. They spent time with the girls that they have helped to get back to school through fifteen Captivating Village programs, and also checked the school where they will be attending. They also...
10 SHARES
We are happy to announce that Captivating International, with its Philippine field partner HONOR 1000, is launching a project to assist 200 underprivileged children in Manila slum communities. For the first batch, we selected 70 beneficiaries to receive educational assistance based on criteria such as income level, age, and family status. It...
30 SHARES
Jessica used to sell flavored drinks in a different town, but this meant being away from her three young kids. She then made the critical decision to transfer her small store so she could be with them. To do this, she needed additional capital, so she tried applying to our microfinance program. Because she is new...
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From a small grocery store, Mildred worked hard to get to this point. Through our microfinance program, her range of products grew from just pantry essentials to also include household supplies. This year, she also added ready-to-wear clothes to her store. She is grateful for the help of our Philippine field partner, Honor 1000, that contributed...
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Aside from providing loans for Filipinos through our microfinance program in the Philippines, one of the things we aim to do is start fellowship groups so we can provide the microfinance beneficiaries the necessary moral and emotional support as they start their small businesses.
We are grateful for this community and...
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“I got my hope back after I met My Business My Freedom”, says Asha.
20 SHARES
