Teresa Amyel Pajok harvesting groundnuts in her garden
Teresa Amyel knew that setting up a business selling out foodstuff will fill a gap in her household needs that she lost in 20 years of constant civil.
Nevertheless the 59-year-old on a meager salary could not find a single bank willing to grant her a loan. In spite of this, Amyel has been able to fulfill her dream, because of microcredit.
Before she got microcredit, she did not know these kind of loans were available in Magwi County and Southern Sudan. However, she thinks it is logical that a microfinance is not just available to people in the developed countries. ” The story about a farmer who can buy a cow thanks to microcredit is one I can empathize with because I am actually in the same situation.”
Until recently, Amyel, who suffers from poverty problems, lived on without any benefit, or her salaries in arrears take several months to come. Now and then she earned a little from tiny business on the side of her work with Magwi local government.
However, it did not amount to much. She had difficulty with the idea of having to accept handouts. She did not want to be dependent.
So she put together a business plan to sell foodstuff and took it to Hope Ofiriha. Although the NGO was often positive, it would not grant her a loan without the fund from Deki.
Her difficult financial situation and the fact that she had no collateral meant she was not an attractive client for the banks.
A leader in her group of 20 members, solved the problem by acting as a guarantor. Now Teresa Amyel has been able to get microcredit from Hope Ofiriha to realize her dream; her foodstuff stall in Magwi.
