Self-Help International 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. Once micro loans are dispersed, women are able to buy machinery to start their own palm press business, expand their current business, or invest into others' businesses. Here at Self Help, we boast a 97% repayment rate on all funds loaned.
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.
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
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.
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
Total Funding Received to Date: $17,260
Remaining Goal to be Funded: $7,739
Total Funding Goal: $25,000
This project has provided additional documentation in a Microsoft Word file (projdoc.doc).