We have introduced the micro-Credit Finance Program (Toda Investment Pvt Ltd) to train village pastors and their wives to start small businesses that will help/support them financially. At Toda Investment Pvt Ltd, we are committed to supporting missionaries in their endeavors to uplift their communities through various small business ventures. Our microcredit program provides much-needed financial assistance to help kickstart these initiatives. Here’s how our program works:
Borrowers:
Missionaries: Individuals dedicated to serving their communities and spreading faith, who have a vision to improve the lives of those around them.
Supported Ventures:
Missionaries can start a variety of small businesses and agricultural projects, including:
- Farming
- Animal Husbandry
- Poultry Farms
- Pig Farms
- Goat Raising
- Fruit Planting
Financial Details:
Loan Amount: Each individual can receive a microloan of NPR 150,000 to start their venture.
Income Generation: Individuals are expected to start earning money from their businesses within six months of initiation.
Repayment Plan: Loan repayment begins from the sixth month and continues as monthly EMIs (Equated Monthly Installments). The entire loan must be repaid within 5 years.
Projected Costs for Specific Ventures:
Here are a few examples of how the NPR 150,000 investment can be utilized:
Goat Raising:
•Initial Setup: NPR 90,000 (for purchasing goats, housing, and feed)
•Monthly Expenses: NPR 5,000 (for feed and maintenance)
•Expected Monthly Revenue (from 6th month): NPR 15,000
Pig Farming:
•Initial Setup: NPR 70,000 (for purchasing piglets, housing, and feed)
•Monthly Expenses: NPR 6,000 (for feed and maintenance)
•Expected Monthly Revenue (from 6th month): NPR 20,000
Poultry Farming:
•Initial Setup: NPR 50,000 (for purchasing chicks, housing, and feed)
•Monthly Expenses: NPR 4,000 (for feed and maintenance)
•Expected Monthly Revenue (from 6th month): NPR 12,000
Fruit Planting:
•Initial Setup: NPR 30,000 (for purchasing seedlings, soil preparation, and fertilizers)
•Monthly Expenses: NPR 3,000 (for maintenance and care)
•Expected Monthly Revenue (from 6th month): NPR 10,000
Through our microcredit program, we aim to empower missionaries to create sustainable sources of income, improve their communities, and contribute to overall development.