Nimanka qaarkood gacan adaka

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SummerRain
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Re: Nimanka qaarkood gacan adaka

Post by SummerRain »

NoilPoint wrote:
microfinance would not probably work in Somalia in practice.
Unless it involves poultry , livestock , farming , sewing machine and simple stuff like that.
But Somalia is not Bangladesh, 25 USD is nothing there... perhaps minimum loans of 500 , 1000 , 2500 USD , 5000 USD is much more needed.
And hits the target better.

example A family father who buys a car so he can be taxidriver or private chauffeur , transport business .

A rural family in Gabiley can import some 100 chickens to their farm for 500 USD loan.
sell the eggs & chickens etc

Anybody agree?

We who are students could for example put together a fund and raise 20 000 USD
I don't think they loan large amounts like 5k to ppl in deep rural areas but your ideas are practical.
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