Supporting Small Business by Poor Entrepreneurs

by Asset-Based Community Development with Equity Foundation
Supporting Small Business by Poor Entrepreneurs

Project Report | Nov 24, 2023
Farm-based enterprises

By Cesario Sayre | Project Leader

Farm-based livelihood
Farm-based livelihood

Dear Friend,

Thank you very much for your support to our project providing funds and technical assistance to poor entrepreneurs. Poor entrepreneurs are oftentimes unable to rise-up to their situation and become sustainable because of the problem of lack of funds and lack of know-how on how they can grow their business. We are focusing our help on both providing socialized credit on a micro-scale and then providing technical advice. Most of the credit we provide are farm-based like goats, piglets, chickens, seeds and organic fertilizer. The repayment scheme we devise is socialized repayment wherein farmers repay in kind and then we roll-out their repayment to other next-in-line beneficiaries. We were able to support 25 beneficiaries in this manner and we hope to increase the number in the coming months. Again thank you very much for your help.

Very sincerely yours,

Cesario Sayre

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