Bageri - micro loan
A young man in Choya took some time ago the initiative to set up a business, a bakery. In a shed he built an oven, a hollowed tree trunk was kneading trough, and then he started baking. Now they could buy fresh bread in the village. But all beginnings are difficult. The demand was somewhat small in the village itself, and the attempts to sell bread in other villages were not profitable. Since the kneading trough also was attacked by termites were closed bakery.
Now, another young man wanted to start the bakery again. He would use a bathtub as termit-free kneading trough, build a new furnace in another building, and aim to bake bread for the Ramadan period, during which the demand for bread would be high, at least 150 bread daily for Choya alone. We agreed to a loan of 200 euro, which would enable him to start up the business, and if the calculations are correct, he will be able to pay the entire loan back after Ramadan.
After Ramadan the loan was repaid in full as agreed. The sale of bread was not quite up to expectations, but the baker could get free bread for himself and his assistant and their families and a small profit. And now the bakery is ready for further use, the baker has gained experience as entrepreneur, albeit at a modest level, and by letting this micro-loan succeed he has paved the way for approval of further micro-loans.