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The Loden entrepreneurs start to pay back |
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August 26, 2009 - The first cohort of the LEP entrepreneurs has
begun to repay the loan they received to start their businesses. The Loden
Foundation financed seven entrepreneurial projects last year with interest free
loan ranging from Nu.150,000 to Nu.800,000. “All laureates of 2008 are repaying
the LEP soft loans according to the schedule which is a strong encouragement for
the Foundation to support increasing number of young Bhutanese entrepreneurs in
future”, says Dorji Tashi, Loden’s co-ordinator in Thimphu. One of the most
successful Loden entrepreneurs is Deki Wangmo.
Deki Wangmo runs a tyre retreading unit in
Thimphu. “The money I’ve received
from The Loden Foundation which is without interest has contributed immeasurably
to my business. I pay back every month an amount of Nu. 25,000 with my sincere
gratitude to the Foundation.” Some however find it difficult to pay on time.
Namgay, running a paint shop for motor vehicles, says: “I sometimes face
difficulty in paying the LEP loan on time as half of my products are sold on
credit and my customers pay me late.”
Meanwhile, the Loden Foundation has been receiving
application for the second round of
competition.
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| Results 9 - 16 of 18 |
September 10, 2009 - A cocktail party was held in New York in support of the Loden Foundation. The party was hosted by Caroline Trowbridge at her family house in Manhattan with the aim of raising funds for the Loden Knowledge Base, a learning centre which is being set up in Thimphu. The learning centre will provide access to a collection of books and online resources on higher education and entrepreneurship.
