Do you have the same problem? Would you like to earn an income by selling some of your produce at the market? Today’s program is about credit — or borrowing money — and how it can help you to make more money from your farm. Let’s join Sylvia and her friend, Joyce, as they discuss micro-credit programs for women.
You should first discuss the idea of borrowing money with your husband and your family. Explain to them that it would help you raise the family income. If you have their support, it will be much easier to succeed.
But before you borrow the money, do some careful planning. Decide how you will spend the money and how you will repay it. Decide how much money you will spend to get your vegetable stall going. You will have to set a price for your vegetables that will earn enough money to repay the loan.
Don’t borrow too much money. It may take you several weeks before you are able to repay it.
Contributed by: Noelle Grosse, Researcher/Writer, Canada.
“Gender and microfinance: guidelines for good governance,” Susan Johnson, Centre for Development Studies, University of Bath, UK, BA2 7AY.
“The Grameen Bank and Women in Bangladesh,” Abu Wahid, Challenge, Sept/Oct. 1999, pp. 94-101.
MicroStart — A Guide for Planning, Starting and Managing a Microfinance Programme (Version 1.0), United Nations Development Programme, 1997.