When Typhoon Haiyan laid waste the newest central Philippines during the 2013, Bernadeth Cabusog https://carolinapaydayloans.org/ try one of many people whoever lifestyle was became upside-down. This lady smallholding try ruined with they, the woman family members’ head means of supply. “It had been the most difficult duration of our lives,” she recalls. “Our create had been forgotten. We really required some assistance.”
Cabusog took the recommendations of a neighbor inside her village inside rural Cebu state and reached Lamac, a city agricultural co-medical. Lamac lent the woman doing $450 to help you replant this lady harvest of lettuce, cucumbers and you may tomatoes, making it possible for this lady so you can defer half of their payment until she is straight back on her behalf feet once again. Continue reading “Inside the an earnings-secured decades, is microloans the solution?”
