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Micro-Loans Video |
Vegetable Growing We have established a number of vegetable businesses with varying degrees of success. Vegetables are much needed in rural Malawi to improve nutrition. There are several factors which will produce a good vegetable business; you need the right location, and a committed individual who has vision, ability, and a good work ethic, and, last but not least, a desire to make money. Some of the first projects have been community ones, without real ownership of the project by an individual to drive it. These projects have, in certain cases, not even recovered the initial outlay. |
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One project which has been very successful is Kaipah’s vegetable garden. We went to visit his amazing garden after he had made the effort to visit us with some of his produce which were some of the best locally produced vegetables that we had seen. After the tour of his garden, his wife, Elimasi, produced a wonderful mixed vegetable dish with rice for us to eat. It was so tasty! Several weeks later, Kaipah came to see us with a proposal. We sat down together and went through the figures and came up with a micro-loan plan so that he could employ staff and set up a larger commercial vegetable growing business. He ended up borrowing MK75,000 (about £270 or US$540). This will be paid back with 20% interest within one year. We are conviced that he will make a success of this. The first good indication was that, when we gave him the cash, he immediately gave it to his wife for safe-keeping. We will be visiting him on our next trip to see how progress is going but initial reports are good. This project will be an interesting case study for future vegetable garden projects. Watch this space! We need to raise funds for... |
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