We at Rose Sri Lanka would like to take an opportunity to share with you some stories of the successes that small business owners have had this year as a result of microcredit loans from Rose Charities.
Our first success story comes from the village Thumbankerni, where Suthakaran Ajantha, a local grocer, has set up a small shop to sell fresh produce and household goods. Intially, Ajantha and her husband invested 20,000Rs of their own savings to pay for shop space and stock. This provided a modest income of 1,500Rs per week, which, between keeping the shelves stocked and putting food on the family’s table, was simply not enough. Ajantha decided to apply to Rose Charities for a microcredit loan. From Rose, she received two loan installments; a first one of 25,000Rs and later a second loan of 50,000Rs.. With her loans, Ajantha and her husband have been able to expand their shop space and fill the shelves with a wide range of merchandise. In addition, they have now gained access to wholesale goods from the Rose Charities Community Shop. Previously, Ajantha had to undertake long bus trips to Kalmunai or Batticaloa in order to buy stock at wholesale prices. This kept her away from the shop and away from her husband and children for hours each week. Now she can keep her store well-stocked from right in her own community at even cheaper prices than the big Batticaloa wholesalers. Income quickly rose from 1,500Rs to 5,000Rs per week and has remained there. This is great news for the family as it allows them enough keep the shop running, repay their loans on time, and perhaps most importantly, it allows Ajantha to spend time working and playing with her three school-aged children.
There are more stories to come, so stay tuned!