Mothers of disabled children in San Juan del Sur, Nicaragua, face many challenges as part of their daily lives. These women have ideas about how to improve their economic situation, but they do not have the capital they need to get their projects started. Your donation will go toward providing microloans to their women's collective. There is no interest on this loan (only an annual $4 fee), and your donation will continue to help the community as it gets paid back and then loaned out again.
The mothers of special needs children in San Juan del Sur face even more challenges than the average Nicaraguan, as raising a child with a disability places a large economic strain on the family. These women have the strength, determination, and creativity it takes to improve their economic situation, and all of them have ideas for projects, such as raising chickens, opening small stores, or sewing clothing. However, they lack the money they need to get these projects started.
This project will provide the mothers (who have formed a women's collective) with money in the form of microloans. The mothers will divide into groups, and no group member will be able to reapply for a loan until every group member has paid back their money in full. In this way, the project will both relieve families financially, and stimulate economic growth in the community as members of the collective grow their businesses or start new projects.
As the microloans continue to stimulate the community's economy, the effects of this project will reach larger and larger groups of people. Ultimately, while the recipients of the loans will certainly benefit, the most significant impact of this project will eventually be seen everywhere in San Juan del Sur, as new businesses are created, new services are offered, and families are able to rise out of poverty.
Total Funding Received to Date: $20
Remaining Goal to be Funded: $7,480
Total Funding Goal: $7,500