Official Blog

Time for us to again invest in innovative ideas and entrepreneurship around the world! We just made three additional microfinance bids in Ghana, Bolivia and Mongolia and, with that, are happy to support two business people as well as a group of entrepreneurs.

With the bid for Tuvshinbayar Myanganbuu, we are supporting the clothing business of a 23-year old woman in Arhangai Province, one of Mongolia’s central provinces. With her business profit, she looks after her parents, who have been in the retail clothing business since 1995. She has always been helping in her parents’ business and now, with her own business as the the sole family income, she works hard to make her living and look after her parents. We hope that she will now be able to purchase more clothing and small items for her business.

We also decided to support the entrepreneurs group Las Progresivas in Bolivia: The group has women and men who dedicate themselves to selling cosmetics, food, bakery goods, jewelry, CDs, DVDs, and footwear. We especially appreciate the efforts of the female president and co-founder of Las Progresivas, Ana Ynga Rojas Justiniano.  Her income helps to sustain her family. She dedicates herself to clothing sales and, with this new loan, she will also start selling shoes.

And last but not least: We made our third bid to Tidjani Shaibu Adamu in Ghana, who sells electrical appliances at Kotokoraba in Cape Coast. Tidjani is married and has been selling electrical appliances since 1993 in order to pay the school fees for his children. With the loan he wants to buy more electrical appliances and hopes to reinvest his new profits in his business.

We wish all of them, Tuvshinbayar, Tidjani and Las Progresivas, best of luck for their businesses and are sure they will succeed.  And of course we again hope that you now feel a little inspired by our new investments and follow us on the way to help investing in sustainable projects around the world.

Tags: microfinance

This entry was posted on Tuesday, July 28th, 2009 at 11:54 and is filed under Investing in sustainability. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.