Sometimes 2 hour Google Hangout meetings with the Rescue Pink board and Lalitha in India are required.
Last night we listened to every woman's story, learned about her family and what her dream business is. And then we approved loans!
The ladies have attended 14 weeks of in depth business training and formulated their business plans. Now they will receive their loans and begin. They'll have a grace period for a good amount of time while they launch their businesses and continue their training, and then in weeks 28-48 they'll repay their loan plus interest. And they are required to have a savings account for their daughters in her name where a portion of their profit goes for marriage and/or higher education.
We love that we get to do this! Thank you for being a part and making it happen! Thank you!