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Magazine
Better harvest and debt-free investments through microfinance
Better harvest and debt-free investments through microfinance
Better harvest and debt-free investments through microfinance
Renuka's Microfinance Project
Renuka's Microfinance Project
Renuka's Microfinance Project
Name: Renuka Saptoka
Country: Nepal
Financing: €100
Project: cultivation of potatoes
How Renuka manages to optimize her vegetable cultivation with 100€:
Renuka Saptoka buys fertilizer for her potato fields for €100. This enables a higher crop yield and more income. After just 6 months she can pass the money on to the next woman.
With her larger income, she can afford to do repair work on her house.
Name: Renuka Saptoka
Country: Nepal
Financing: €100
Project: cultivation of potatoes
How Renuka manages to optimize her vegetable cultivation with 100€:
Renuka Saptoka buys fertilizer for her potato fields for €100. This enables a higher crop yield and more income. After just 6 months she can pass the money on to the next woman.
With her larger income, she can afford to do repair work on her house.
Name: Renuka Saptoka
Country: Nepal
Financing: €100
Project: cultivation of potatoes
How Renuka manages to optimize her vegetable cultivation with 100€:
Renuka Saptoka buys fertilizer for her potato fields for €100. This enables a higher crop yield and more income. After just 6 months she can pass the money on to the next woman.
With her larger income, she can afford to do repair work on her house.
The success story of Renuka Saptoka:
Renuka Humagain Sapkota is the leader of a women's group, KETAAKETI's one microfinance had received. As part of the program, she selected women from her village who grow vegetables and raise animals. The women, including Renuka herself, each received €100, which they used to buy fertilizer for their fields. With the fertilizer they bought, everyone was able to get a richer harvest. The higher income that Renuka achieves allows her to make other small investments in her farm that will help her in the long term.
Renuka and other women from the group managed to return the money they received within 6 months. Other women took about 12 months. This money is now passed on as microfinance to the next village that needs it, and the cycle continues.
Kusum Khakurel (Head of Monitoring of KETAAKETI's partner organization SPOWC) in conversation with Renuka.
The success story of Renuka Saptoka:
Renuka Humagain Sapkota is the leader of a women's group, KETAAKETI's one microfinance had received. As part of the program, she selected women from her village who grow vegetables and raise animals. The women, including Renuka herself, each received €100, which they used to buy fertilizer for their fields. With the fertilizer they bought, everyone was able to get a richer harvest. The higher income that Renuka achieves allows her to make other small investments in her farm that will help her in the long term.
Renuka and other women from the group managed to return the money they received within 6 months. Other women took about 12 months. This money is now passed on as microfinance to the next village that needs it, and the cycle continues.
Kusum Khakurel (Head of Monitoring of KETAAKETI's partner organization SPOWC) in conversation with Renuka.
Renuka Humagain Sapkota is the leader of a women's group, KETAAKETI's one microfinance had received. As part of the program, she selected women from her village who grow vegetables and raise animals. The women, including Renuka herself, each received €100, which they used to buy fertilizer for their fields. This money is now passed on as microfinance to the next village that needs it, and the cycle continues.
Kusum Khakurel (Head of Monitoring of KETAAKETI's partner organization SPOWC) in conversation with Renuka.
“As individuals, our income is not sufficient to support us. The microfinance was a financial relief for us"
“As individuals, our income is not sufficient to support us. The microfinance was a financial relief for us"
“As individuals, our income is not sufficient to support us. The microfinance was a financial relief for us"
With the support of microfinance people like Renuka can improve their standard of living and avoid borrowing at the high interest rates that are commonplace.
Renuka hopes to sell more potatoes in the coming seasons. She is glad that the women's group in her village was able to work towards a common goal and did not have to take out loans that would have led to debt. With the prize, Renuka can finally plaster the walls in her house.
KETAAKETI stands for self-determined development through interest-free microfinancing, which is passed on from family to family - and that 100%.
KETAAKETI stands for self-determined development through interest-free microfinancing, which is passed on from family to family - and that 100%.
KETAAKETI stands for self-determined development through interest-free microfinancing, which is passed on from family to family - and that 100%.
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