This pilot will provide loans to women in the Vientiane Province. Using a microfinance program, SEDA will provide financial services to people whom otherwise would not have access to funds.
What is the issue, problem, or challenge?
The need addressed is creating business opportunities for women who are in poor and remote villages. The members will be able to weave 15 skirts which will generate maximum income equal to $375 USD per month. After the loan interest of $75 USD is paid to SEDA, the individual profit will be $300 USD per month. This program provides the means for these women to escape poverty.
How will this project solve this problem?
In addition to starting a micro credit finance program this project will provide technical support, training, inspection, and quality control and assist in the marketing of the products.
Potential Long Term Impact
This project will test the feasibility of the artisan of silk textile production funded by a micro-credit system. If successful, SEDA will convert expand the variety of loans available and expand the project to a national level.
Total Funding Received to Date: $2,265
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 $2,265 . The original project funding goal was $51,832.