Joomla TemplatesBest Web HostingBest Joomla Hosting

                          ‘‘My Saving, Brings Cash’’- Mrs. FentaTsegaye

                             My Saving Brings Cash

Organization for Rehabilitation & Development in Amahara (ORDA) has launched Inclusive Food & Nutrition security Program (IFNS) in 2018, which stays for 4 years (2018-2022), in areas of Ebenat (South Gondar Zone), West Belessa and East Belessa (Central Gonder Zone) districts. The project has been doing developmental works by allocating over 89 million birr (2,726,743.00 EURO) secured from German Government (BMZ) facilitated by CBM. It has an objective to benefit 9,000 impoverished households by supporting them to secure their food via mitigating vulnerability to climate change in the intervention areas.

We drove for minutes in a beachy road from Arbaya town of west Belesa to the west direction to visit ‘Yabibal village economic saving association (VESA)’ organized by ORDA’S IFNS project. We got a woman Mrs. Fenta Tsegaye, 51, who is a member of this VESA which has 31 members (F: 19). She is a widow woman who has 4 children (F: 1) and leads her life through agriculture. After the death of her spouse, all life burdens lay on her shoulder, and she was struggling against a harsh poverty. At the moment, since she was enough poor, she has gotten the chance to be recruited as beneficiary of ORDA’S IFNS project developmental work.

                            My Saving Brings Cash1
Being a member of VESA organized by the project, she has been saving money monthly. Hence, she has borrowed 300 birr at the end of November with an interest cost of 15 birr per month. By using this fund, she began germinate raw barley, which is used to produce local alcoholic drink called Ale or ‘Tela’, to conduct malt trading. The raw barley is bought from Arbaya town which is 7 km away from her home. After germinating the malt, she resold it to Arbaya town residents with a better cost. In the first trial, she bought 300 birr cost raw barely & resold it 600 birr in the form of malt. Her profit is one fold, & now she is germinating 600 birr cost raw barley. She is waiting to get double profit. She told that the trading is supporting her to accommodate her daily expense. “I am benefited being a member of this Vesa through borrowing money in moderate interest rate. My saving enabled me to borrow money & to do trading. Because of this, the debt brought me 300 birr profit in cash by doing trading”, says Mrs.Fenta. 

The project gave her 6 chicken for poultry purpose & one of has been giving egg. So, the woman is caring the chicken to get more income. Now she is developing her wealth capacity that enabled her to feed her elder child & enough old mother, and she is cursing her previous life in poverty.

Language Selection
Social Media
Visitor Counter

Currently are 9 guests online

What do you think about our site?