Eight new aspiring entrepreneurs receive interest and collateral free loan from Loden Foundation
The Loden Entrepreneurship Programme (LEP) exists to help young Bhutanese men and women who have the vision, drive and idea to set up or enlarge a business, which is economically beneficial, socially responsible, culturally sensitive and environment friendly. Moreover, the programmes aim to solve the problem of unemployment, rural-urban migration and to boost the economic development in the country besides many other minor objectives.
We are happy to announce that 5 women and 3 men have be selected to receive the loan to kick start their business during the fall selection process that started on 11th October and ended with the final interview round held at Loden Foundation’s office on 12th October. The business and aspiring entrepreneurs supported are from 4 different districts in Thimphu, Gelephu under Sarpang, Dagana and Trashigang. The applicants were officially awarded the during the closing ceremony of Druk Tshongrig Gatoen 2019 at RUB hall.
Trashi Delek and congratulations to all the recipients of the fall 2019 call for business proposal.
Sonam Rinchen, Jomolhari Café: The Jomolhari Café will be set up at Jomolhari base camp to provide service to the tourist visiting the area. It is one of its first kinds in the area and such services are genuinely needed in the area. The business is a collective idea of 3 siblings (1 brother and 2 sisters). It is led by Sonam Rinchen who is a Tourism and Hospitality graduate with assistance from his two sisters who has BBA and tourism and hospitality background. The siblings are from the Soe community under Thimphu Dzongkhag.
Tshering Yangden Lepcha, Druk Instant Noodles (veg): Druk Instant Noodles is a local noodle manufacturing firm with an objective to reduce import of similar products. The manufacturing unit is located at Debsi under Thimphu Dzongkhag. Tshering graduated from India in Bachelors of Commerce.
Druk Tshering, GIS Mapping and Data Base of Urban Areas: This project is working on large scale of surveying and topographical mapping in urban centers like Thimphu and Phuntsholing. The topographical surveying and mapping shall be carried out using stereo pair satellite images by photogrammetric means and further updating and verification shall be carried out by ground survey using RTK and total stations. The data generated from this project will form as a base to carry out various GIS activities. He has an advanced and associate degree in in Geo Information and Earth Science with specialization in GIS, Photogrammetry and Remote Sensing.
Dorji Choden, Home Made Edible Products: Dorji Choden is a single mother of three children and has been producing varieties of home made products such as eazy with different ingredients, veg juma (sausage), chips, biscuits and many other products. Dorji saw high demand in such homemade products within Bhutanese people for healthier food consumption. She has been making these products at small scale at her home for last three years. Dorji Choden, home made edible product is based in Rangjung under Trashigang Dzongkhag. Dorji has never beento school, however, she managed to raise her kids with her small-scale business.
Yangchen Wangmo, Norwang Chips: Norwang Chips is a standard and registered potato chips production unit located at Changjalu in Thimphu. Her chips are already in the market with good feedback from the retailers and customers as per her survey report. She produces quality chips and distributed within Thimphu and Paro districts.Yangchen Wangmo, Norwang Chips completed her class 12 graduate and worked with BNB for 3 years. Later she run a restaurant business and now she is in home made chips for last 5 years.
Tabita Timsina, Timsina’s Toddler Toe: Timsina’s Toddler Toes is a childcare development center established at the hub of Sherubtse College in Kanglung. The ECCD focuses in early learning, interaction, ettiquettes and other basic knowledge. The center aim to mold responsible children for the future of nation. She graduated from Sherubtse college and she saw the need for center in the area. Thus, she decided to come up with the business.
Sharan Kumari Gurung, Dhoriri Cloth Diapers: The use of disposable diapers are the most common consumer product in the landfills creating huge issue of disposal at the dumping yards all over the country. Sharan realised the potential of manufacturing chemical free and reusable diapers for the babies that are environmental and cultural friendly product. This project is supported through Loden-UNDP funding window. Sharan Kumari Gurung, Dhoriri cloth diaper is graduated in B.Sc. Microbiology and Diploma in Industrial Fermentation and Alcohol Technology. Later she worked with Bhutan Centennial Distillery, a unit of AWPL for 9 years and 3 months. Dhoriri is located in Gelephu under Sarpang Dzongkhag.
Narath Koirala, Damu Druk Adding Masala Unit: DAMU (Druk adding masala unit) is commercial production unit producing turmeric powder and other spices. The production unit is located at Norbuzhingkha villiage, Tshendagang gewog under Dagana Dzongkhag. DAMU aims to substitute imported spices in the market with Bhutanese 100% Natural spices. He is a class twelve graduate and participated in the entrepreneurship training conducted by Loden Foundation with support from UNICEF Bhutan and Department of Youth and Sports, Ministry of Education, on 15th to 17th June 2019 at Gelephu Youth Centre and submitted his proposal following the training. This project is supported through Loden-UNDP funding window.
With the 8 news aspiring entrepreneurs this fall, Loden Foundation has supported a total of 175 entrepreneurs out of which 60 businesses are led by women entrepreneurs.