This is My Story – Rashida Begam
2021 is a very special year for BlueOrchard as we celebrate our 20th anniversary. Throughout 2021 we will be sharing with you some of the encouraging entrepreneurial stories, personal dreams, and insights into the lives of families around the globe who are struggling and fighting against adversity every single day.
Our sixth story is about Rashida Begam from India.
Rashida Begam runs a tailor shop in India. Following in the footsteps of her father who was also a tailor but passed away when she was just 18 years old, Rashida decided to open her own tailor shop in 2014. With the help of a microloan of USD 2’800 $ she was able to develop her business, hire two employees and purchase two sewing machines.
Rashida, What has the loan meant for you?
It’s been very helpful. It also meant that I was able to attend a business finance course and get feedback and support in developing my business plan – it was more than just money! As a result of the loan and the changes that I was able to make to my business, things are running very well, and I have not had any financial difficulties in amortizing the loan and paying the interest. Also, I feel much more independent today, something I’m very proud of.
What is next for you?
People often ask if I plan to replace or upgrade my sewing machines, but I don’t think that there is any need to do that – the old ones work perfectly well and do everything we need them to. I want to build the business up even more, and I think I will probably take out another loan to allow me to do this. My dream is to be known for my great designs and keep things interesting for my clients. I also want to continue supporting my family and hope that one day my daughter may take over the business.
Find the full interview and other 11 stories in our anniversary book “This is My Story”, available on Amazon. From more than 200 million individual stories over the past 20 years, This Is My Story uncovers the stories of twelve entrepreneurs from four continents, who put a small amount of money to work in a big way.