Freedom Loan Fund Campaign

 
$511
$9,489
Raised
Remaining

Summary

This project will fund micro co-op loans for Nepali girls rescued from the Kamlari system of child slavery to start their own businesses.

What is the issue, problem, or challenge?

Girls who were rescued from the Kamlari system of child slavery are now free--and they are becoming powerful young women who are starting their own businesses with the help of NYF's co-op loan program. The freed Kamlaris have formed 37 business co-ops with over 2,600 members and they have invested $40,000 back into their own loan fund. But the loan fund can't keep up with all the former Kamlaris who want to start a business. There are hundreds of eager young women on the co-op loan waiting list.

How will this project solve this problem?

All funds raised for the project will be invested in the co-op loan fund and used by the former Kamlaris to start their own businesses. The average loan amount is $300. These young women use the funds to start businesses as pig farmers, vegetable farmers, beauty shop owners - even motorcycle shop mechanics! For $250, a young women could start a vegetable farm, which could yield as much as $3,000 annually, with 80 percent net profit.

Potential Long Term Impact

Not only have former bonded servants achieved personal freedom and dignity, they are creating lasting social change and future educational and professional opportunities for their sisters. NYF provided $45,000 to start the co-op loan fund, which the freed Kamlaris administer, and more than 750 young women have successfully launched their own businesses. The co-op loan fund stimulates the cultural and economic development necessary to ensure that no child will ever become a victim of Kamlari.

Funding Information

This project has been retired and is no longer accepting donations.

Resources

 

Microproject Disclaimer

Every microproject is intended to use the donations it receives in accordance with its stated description; however, it is important to provide project leaders with the flexibility to maximize the potential benefit from the donations they receive. This means that your donation may be used as a part of the main project that supports this microproject, specifically Free Bonded Nepali Girls. In this event, the project leader is required to post an update to the microproject detailing the results and reasons behind this change.

If you or any other donor is unhappy with the way their funds have been used, he or she can reallocate their donation using the GlobalGiving guarantee.

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