Sponsor Microfinance: Empower Small Businesses

 
$7,667
$4,833
Raised
Remaining

Summary

This project will help break the cycle of poverty and boost economic development by providing women with business management training and financial assistance to start and grow their small businesses.

What is the issue, problem, or challenge?

According to the United Nations 2007-2008 Human Development report, Sierra Leone ranks as # 177 (last place) in Human Development Index. The UN estimates unemployment to be about 65 percent in Sierra Leone. Tens of thousands of youths and adults struggle to find a meaningful existence and are living below the poverty line. They are exposed to the temptations of resorting to a lifestyle of vices and destructive occupations. They desperately need help and a viable path to self-sufficiency.

How will this project solve this problem?

This project provides foundational training in business management and entrepreneurship, and business capital to selected women participants to enable them to start or expand their businesses, become self-reliant and also employ others.

Potential Long Term Impact

The project will enable individuals and small businesses to move from barely making enough to meet their basic needs (living from hand to mouth) to a point where they will expand, provide employment, and contribute to national development.

Funding Information

Total Funding Received to Date: $7,667
Remaining Goal to be Funded: $4,833
Total Funding Goal: $12,500

Additional Documentation

This project has provided additional documentation in a Microsoft Excel file (projdoc.xls).

Resources

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Organization

Develop Africa, Inc.

Johnson City, Tennessee, United States
http://www.developafrica.org

Project Leader

Sylvester Renner

Founder
Johnson City, Tennessee United States

Where is this project located?

Map of Sponsor Microfinance: Empower Small Businesses
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