By providing start-up capital for micro-enterprise ventures, this project will empower 500 impoverished women with families to rebuild their lives in Eastern DRC after a national collapse.
What is the issue, problem, or challenge?
The province of North Kivu in eastern Democratic Republic of Congo (DRC) is a region where armed conflict, poverty and natural disasters have undermined efforts to deliver basic services such as education and access to financial services. Low income families have no access to microfinance institutions; the few that operate in DRC are mainly in Kinshasa and Katanga province. War-torn regions have been left behind.
How will this project solve this problem?
ProMicrofinance International (PMI) provides eastern DRC women micro cash loans and technical assistance to improve or begin income-generating small businesses. Once clients re-pay their loans, they qualify for higher loan amounts over a longer term.
Potential Long Term Impact
Through access to PMI's micro-credit and technical assistance, women will generate long-term income for food, healthcare, housing and education. Regularly scheduled PMI-sponsored meetings provide facilitators to teach financial and health education.
Total Funding Received to Date: $14,425
Remaining Goal to be Funded: $50,575
Total Funding Goal: $65,000