Our microcredit project started on October 2010. On December we started with 110 women where we gave out loans, In April 2011 we gave out another loan to 115 women and in July 2011 we gave to 60 women. The repayment was good, the problem came from just few groups and then we solved it.
We have a current project going on which we disbursed loan to 250 women, we also considered the women who repaid well from the previous project where we doubled of what they got from the last project. We have divided the women according to their living area into three locations so three loan officers are working with the women where they meet them every week in the place of their businesses and help and advice them on how they should do business and saves money. The repayment is done through public repayment. Considering the high percentage of population in children with malnutrition, we also offer to the women with children sanitary services thanks to the our staff of the pediatric hospital “Pablo Horstmann”.
Due to the illiteracy of Lamu women has contributed them not having any business and entrepreneurial skills. Anidan microcredit thought of helping and supports them through training and seminaries one week in every three months. The training and seminaries are under the local consultant who has an experience of 10 years under the Ministry of Kenya Red cross. The first seminary will be on 16th July 2012 under the topic of ENTREPRENEURSHIP SKILLS: SAVINGS AND CREDIT MANAGEMENT. In addition to that we offer tea for the breakfast, lunch and evening tea for the women. Through that we hope it going to help the women improving their lives through effective business thus improving their living standard.
Due to women’s demand in our project we wish to continue giving financial services to the poorest women of the region. We already have 300 women who are interested, as a result of insufficient funds we cannot give loans to these women so through Global Giving we hope in the next months to reach the amount which it will enable us help the other women.
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Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.
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