Opportunity Rwanda provides financial services for women in Rwanda pursuing their own entrepreneurial goals. Micro-loans and savings accounts are available to clients for both expanding their business and planning for the future.
What is the issue, problem, or challenge?
The people and economy of Rwanda survived the destructive forces of war from 1990-1993 and a horrifying genocide in 1994. Although the country has been stable since then, 60% of the population lives below the poverty line of just $1.25 a day. Rwanda is one of the poorest countries in Africa, with the GDP per capita just $464 in 2008. 87% of Rwandans live in rural areas, with 29% of these households led by women.
How will this project solve this problem?
Through training, savings, loans and training, women would gain the ability to provide for themselves and their families. In this way they would have the opportunity to rise above poverty through their own agency.
Potential Long Term Impact
Not only would people be able to expand their businesses and increase profit through micro-loans, but they could save these profits in secure savings accounts. They would be able to earn interest and insure against hard times, breaking the cycle of poverty.
Total Funding Received to Date: $2,025
This project is now in implementation and no longer available for funding. Received funds will be used to accomplish concrete objectives as indicated in the project's "Activities" section. Updates will be posted under the "Project Report" tab as they become available.
Donors' contributions and pledges to this project totaled $2,025 . The original project funding goal was $2,000.