This post is written by Trent Shelton, PHPG's Program Coordinator in the Granada region.
A month ago, we distributed 10 loans to members of the
Pulsera Project cooperative. In the past 30 days, each client has had the chance to invest the loan into their own business. Ranging from businesses of buying and selling cheese to repairing and selling cell phones, the young adults are now in action with their own businesses. Here are highlights of a few of the businesses.
Pollera
Yelma, one of the Pulsera Project’s long time coop members, has always wanted to start his own business of raising chickens. However, the high start-up cost was always the main obstacle. Owning a small piece of land on the outskirts of Granada, he was prepared to make his dream come true. With the help of the loan provided by the partnership between the Pulsera Project and PHPG, Yelma has put his business plan into action.
Yelma has constructed a chicken coup equipped with all the necessities. During the day, he makes sure someone is there to take care of the operation, usually himself or a member of his family. To start, 102 chicks were purchased. After raising the chickens to maturity, he will sell them at the local market to earn his profit. Afterwards, more chicks will then be purchased to restart the cycle. Over time, Yelma plans to reinvest his profits to expand the size of his chicken coup in order to raise more chickens and to continually increase his earnings.
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| Yelma's Chicken Coup |
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| PHPG's Juan Carlos, taking the opportunity to check out the chicken coup |
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| Yelma has purchased 102 chicks which will eventually be sold in the local market |
Hamaqueros
Made up of Ernesto, Rommel, Adolfo, and Geovanny, the loan group called the Hamaqueros specialize in the production of hand-made hammocks. Each member was given a loan of about $200, which was used by each of them to invest in their own hammock workshop, tools, and materials. The high-quality hammocks are sold in the Pulsera Project store in Granada. Each hammock takes about 8 hours to make.
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| Ernesto using his newly purchased hammock workshop |
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| Adolfo preparing his materials |
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| Rommel takes a break from making a hammock to create one of his popular bracelets |
A month ago, we distributed 10 loans to members of the Pulsera Project cooperative. In the past 30 days, each client has had the chance to invest the loan into their own business. car loans
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