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“Every week I work with the poorest of the poor, and every week I’m astonished and inspired by their entrepreneurship and drive.”
Milly Naggayi, Chief Operating Officer of SYPO Uganda Ltd.
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Food aid, for the first time
Watching the trucks full of rice, beans, cooking oil, and corn meal roll in felt like defeat. In 18 years of running an NGO in…
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Betty Nakiranda lives Namaiba, a small village near Lake Victoria. Betty used her first microcredit to expand her farm—leasing an extra 2 acres and renting a tractor to plant sweet potatoes. She used a second microcredit to open a market stall in town, and a third to start a little catering business, cooking for local weddings and funerals. Betty now employs 15 people. While she no longer needs loans, she’s still active in the organization. With our birds-eye view of micro-entrepreneurship in the region, we were able to link her up to other women who want to start similar businesses, and Betty has been helping them with advice about vendors, how to keep accounting records and other financial management. While Betty has been particularly successful, she’s not actually an exception—many others in the organization have done just as well. ... Show moreShow less
There is a lovely little coffee shop in the village of Katosi, owned by Monica. Monica used the second microcredit she received from SYPO to open up this coffee shop, to diversify her income away from just her farm. The first microcredit she used to invest in that farm: her Friesian hybrid cows live on 1 acre of pasture and eat the elephant grass that Monica cultivates. The cows produce 5 litres of milk per cow each day, which Monica can sell and use to feed her family. Not only does Monica use the land for cows; she also grows multiple different crops. Because of the loans she now has enough money to take care of her children and pay their school tuition. ... Show moreShow less
For everyone who has not seen our new website yet, it is online now! If you would like to know more about SYPOMICROBANKER take a look at our website.
microbanker.com/ ... Show moreShow less