Fund 40 Women's Micro-Credit Loans in Ghana

 
$12,944
$2,055
Raised
Remaining

Summary

Self-Help has been battling hunger in Ghana since 1989. Our approach is paying dividends but pending micro-credit loans ($75 to $250) may go unfunded if money is not made available.

What is the issue, problem, or challenge?

Nearly all of the women are illiterate, which requires frequent oral and visual training aids. While illiteracy remains a root cause of problems, increased income by the women is allowing their daughters out of this cycle of poverty and lack of education because the mothers want to end illiteracy with themselves. 40 loans (or more if the funding comes in) to women in rural Ghana will be funded.

How will this project solve this problem?

All of the funds received by this project will go directly to the Women’s Micro-Credit Program in Ghana. In the village of Bomfa, Agnes needs a loan to replace the two goats she lost. Two women are waiting for funds to purchase a screw-press for the

Potential Long Term Impact

Women play major roles as farmers (80%) and business people in rural Ghana. Less than 1% own land or have access to collateral for loans. This limits women’s social impact.

Project Message

The common remark we hear from women in the program is, “I can’t read or write, but because of the micro-credit loans my daughters won’t go through life this way.”
- Any Group Member, Beneficiary

Funding Information

Total Funding Received to Date: $12,944
Remaining Goal to be Funded: $2,055
Total Funding Goal: $15,000

Additional Documentation

This project has provided additional documentation in a Microsoft Word file (projdoc.doc).

Resources

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Organization

Project Leader

Merry Fredrick

Executive Director
Waverly, IA United States

Where is this project located?

Map of Fund 40 Women's Micro-Credit Loans in Ghana