“I am thankful to the concerned organizations for making me aware about the importance of business planning, saving for the future, and facilitating these loans for business promotion,” says Somnath. Somnath and his wife were two of the first people to attend the training offered at our new Mentors Nepal branch.
Somnath Gopali lives with his family of five in the village of Daman, Nepal. He runs a tea shop supported by his wife who works by his side. His shops is called “Somras Khajaghar” and it is famous for its variety of delicious food and tea.
Somnath has experienced a lot of ups and downs in his career. He began farming like his father had done before him. With the short planting season, it was very difficult to make a stable income. He wanted to provide more for his family so he left farming to open his tea shop. He began the shop from a small hut and now he operates it from a three-story building he built with the income from his business. Somnath receives customers all the way from Hetauda and Kathmandu, which proves his shop’s popularity.
Before becoming involved with Mentors Nepal, Samneth did not have training in bookkeeping. He did well for himself but did not keep a record of his business income and expenditures. After successfully completing his training, Samneth has started keeping a record of his income, expense, and inventory. He has learned to set aside some money for savings. As he follows the business skills, he has been able to earn more money, on average $30 USD more profit daily. This profit is substantial by Nepalese standard.
Somnath is a true entrepreneur. He is always looking for ways to expand his business. Recently he applied and qualified for a new micro-loan which he invested in starting to sell LPG (Liquefied Petroleum Gas) cylinders and recharge cards. Both of these have provided additional income. Our mentors continually check on Somnath to see how he is doing. He continually makes all of his loan payments on time.
Somnath is another great example of how it truly is the training and mentoring that really makes the difference for these entrepreneurs in developing countries.