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First steps towards a profitable small business

112.12.2020  11:38

Self-Help Groups created within the framework of the WPU Erayim project 'The Introduction of a Combination of Traditional and Modern Approaches to Prevent the Conflict in the South of Kyrgyzstan' supported by German international organization Bread for the World have achieved their financial stability by creating income-generating activities. One example is the Ezaz Self-Help Group in Mady rural district of Kara-Suu district opened a small furniture manufacturing business.

It should be noted that one of the main objectives of this project is to develop the activities of Self-Help Groups. Therefore, the members of Self-Help Groups had the opportunity to participate in all entrepreneurship training courses conducted for Self-Help Groups. They had close contact with other groups, they exchanged experiences, and to solve the problems of unemployment in the village, SHG 'Ezaz’ launched a furniture manufacturing business.

Before launching the business, they have developed a business plan, then allocated 15,000 soms from the internal savings, invested 20,000 soms as an own contribution. For a total of 35,000 soms, they bought a drill for 5,000 soms, a screwdriver for 3,000 soms, a сircular saw for 3,000 soms, a jigsaw for 3,000 soms, and other necessary parts for another 5,500 soms, 3 sheets of acrylic, 4 sheets of laminate for 20,000 soms and they began to make furniture at home conditions. At the end of the month, they paid 500 soms for electricity.

The Self-Help Group did not hire workers, 8 members of the Self-Help Group worked on their own, and within one month they made 1 kitchen furniture, 2 beds, 2 chests, 1 table. At the market price, kitchen furniture was sold for 20,000 soms, two beds for 15,000 soms, 2 chests for 12,000 soms, a table was sold for 8,000 soms. In total, they received 55,000 soms revenue from this business, of which 20,000 soms remained as net profit within 30 days. We are going to expand our business, says - furniture maker, member of the group Nurgazy Baatyrov.








Erlan Davlatov, Osh Province

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