A revolving loan fund has the potential to change the lives of hundreds of women and their families. A $100 business loan can be the difference between being self-sufficient or trapped in poverty.
Zimbabwe is experiencing its longest drought in 20 years, a 50% unemployment rate, and 25% of its adults have HIV/AIDS. Under these circumstances, it is impossible for poor, rural women to save enough money to open their own small businesses, such as food/beverages stands, clothing shops, and poultry farms. Expanding CAP’s Revolving Loan Fund by $5,000 will enlist 50 new women in the program, which over time, will further benefit hundreds of women.
Increasing CAP’s Revolving Loan Fund by $5,000 will immediately provide 50 women loans of $100 to start their own income-generating businesses. The women will have one year to pay back the loan.To date, CAP has experienced a repayment rate of 90%.
To provide 50 women in Masvingo, Zimbabwe with small loans andfor income generation activities, such as food/beverages stands, clothing shops, and poultry farms.
Since CAP began operation in 1996, it has provided loans to over 7,000 poor families Zimbabwe. A little goes a long way in Zimbabwe and the entrepreneurial spirit of CAP’s members is amazing! - Anuradha Srikantann, IDEX Africa Program Director
Total Funding Received to Date: $6,067
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 $6,067
The original project funding goal was $6,067.
This project has provided additional documentation in a Microsoft Word file (projdoc.doc).
Thanks to 14 donors like you, a total of $6,067 was raised for this project on GlobalGiving.
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