Yuli is a mother, a wife and the breadwinner of the family.
When the tsunami hits her hometown of Bandar Acher in Indonesia back in 2004, her small hut of selling dry goods was demolished.
What took years for her to setup the business was washed away in a single night.
There was devastation, death everywhere and the sense of powerlessness was felt by everyone.
Knowing that she has mouths to feed, she started rebuilding her life back.
But it wasn’t easy when nobody wishes to help or lend you a hand.
There was no source of cash to get her business back up again.
Until that is, when she heard of the Yayasan Karya Bunda Sejahtera loan. YKBS is a partner of the Grameen Foundation.
With a $100 loan from YKBS, Yuli was able to buy more cakes and goods to sell.
She has now increased her profit to $6 per day.
When asked about her hopes for her family, she replies, “I want all of my children to be in good health and have a good education. And I want to have a new home for my family.”
Yuli case is one of the many success stories of the Grameen Foundation.
The foundation was founded and spearheaded by micro-credit pioneer Muhammad Yunus, who is a Bangladeshi and a recent Nobel Peace winner.
Basically Grameen Foundation loan collateral-free loans to poverty stricken people.
Surprisingly the percentage of loans return is at 98% itself.
When I first read of Muhammad Yunus in the papers, he boldly envision a world poverty free , I thought it was bullocks.
Then I read up more, and I began to digest even more.
The more I read, the more I became from skeptical to a believer.
What can you do as a blogger?
Just spread the word.
