Lindsay’s Blog:
"Teddy was in our first group of ten loan recipients from last May. She got a 300,000 UGS loan (about $150) to for her business in Bethlehem selling pancakes. She had eight months to pay back her loan in two installments.
Today (May 25th) we had an opportunity to meet with all of the trading loan recipients from last year (May loans, November loans and April loans). Teddy told us of her experience and we were blown away!
She used her loan to buy supplies for her pancakes in bulk at a discounted rate (cassava flour, bananas and cooking oil.) The market for her pancakes is very good in Bethlehem and she has little competition. In addition, her pancakes are very good (we tried them!) With her early profits from selling pancakes she was able to buy a pregnant she-goat who soon had two kids. Then she used her next profits from the pancakes to buy 3 hens and 1 cock"
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