Mark is a member of a local Self-Help Savings Group that NewVines helped start. With years of experience raising cattle, Mark understands the different prices in different local markets. He regularly takes out a small loan from his group, and looks for a good opportunity. When he finds a cow priced at a certain level in one market, he'll buy it, then take it to a different market and sell it. Repaying the loan, he then keeps the difference as income. He's been doing this for several years now with the help of his group - and making a good living! Mark's story is just one example of how Savings Groups, when paired with meaningful training, can create a sustainable system to allow the poor to lift themselves out of poverty.
0 Comments
Leave a Reply. |
Archives
December 2023
Categories |