The course of action:
To provide loan capital to cooperatives for purchasing and gathering crops.
1. Vredeseilanden distributed loan capital to be used at the cooperatives’ disposal. Initial loans, however, were not paid back.
2. An agent was appointed to visit the cooperatives and distribute the capital onsite. But delivery of the agricultural products was unreliable.
3. An overhauled system of credit was put in place, based on savings, order receipts and repayment on delivery through COOCENKI.
Which time is the charm? the third attempt worked! WINWIN: an efficient buyback scheme with easy marketing and lowered risks, built on credit and limited costs.
It is possible to construct sustainable, large-scale commercial transations without foreign support.
Editorial Brilliant Failures