|Loan:||135€; 135€; 135€|
Update January 2017
Yenni repaid her third micro loan. Her daily income now averages 5,35€. That is a 78% increase when compared to before the first microcredit!
Update October 2016
Yenni applied for a third and final loan after having repaid her first two micro loans in time. Her business has visibly improved with each investment. She will use this loan to increase the capacity of her new production for chicken intestine crackers. She started to make this local delicacy in September and the result was a surprising success.
So far, she only earns around 1€ per day from this new product. A part of the loan will be used to increase her production capacities so she can distribute to school canteens, too.
The remaining loan will be used to buy a glass display cabinet for her Warung. At the moment, she has one unit but needs another one because her shop’s stock doubled. With the new cabinet she can store food such as bread and snacks. A new cabinet will also keep animals away that would otherwise eat her stock at night.
Until now, her solution for this problem was that she never left food on the Warung. Thus, she had to take half of her goods home with her every day and bring them back in the morning.
Update August 2016
Three months later (end of July 2016), the micro loan was fully repaid. The latest pictures show, how Yenni used the money in order to renovate and expand her warung. Furthermore, there are now visibly more products in the shelves.
Motivated by the successful reopening she requested another micro loan and used it to buy gas canisters (used for cooking in Bali) and drinking water barrels for a good price at a wholesaler. Thanks to these loans she can now reach more customers and increase her daily income substantially
We are happy to be able to support such a successful micro entrepreneur!
Yenni’s Tragic Background
In 1997, Yenni and her family opened a traditional mini market (warung) in a tourist area of Bali. Their business went well and they were able to buy a motor bike for tourists to rent. 4 years ago their landlord decided to take over the property and therefore, they had to move to the island’s capital city Denpasar.
On August 2015, Yenni’s husband Murad passed away after a heart attack. That left Yenni in a difficult situation. After a few months of grief, she opened a warung in front of her place to earn money again. Here, she sells coffee and traditional cakes, as well as fried banana and spring roll. In addition to that, she also sells daily essentials such as: eggs, instant noodles, soft drinks, snacks, soap, detergent and others. Usually she works 15 hours a day and earns between 3 and 7 euro. As her children are adults now and left the house, this is enough for Yenni to survive.
With her micro loan she renovated her warung and bought equipment to turn it into a small restaurant. Now she can offer meals at breakfast lunch and dinner.