Madagascar > 
Economic Development > A dedicated micro credit fund for rural Madagascar (#4497)
SummaryCreating a dedicated seed fund for micro-enterprise projects. Initiated and implemented by the villagers, with support from Zahana, it makes a huge difference overcoming the grip of object poverty.
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Most poor subsistence farmers are in remote villages. Nobody is willing to lend them money for e.g. seeds, life stock or tools, so they turned repeatedly to Zahana for help. A small NGO, Zahana does not yet have the financial capacity to assist even a fraction of the projects suggested. Hence the need for a dedicated micro-credit fund that provides access to much needed cash, at a fair rate for many farmers. Villagers will organize in groups to be eligible to borrow.
Community groups can present their ideas to Zahana. Zahana evaluates each request and provides the available seed money with adequate training and actively involves e.g. the teacher or the village elders in its implementation and supervision.
Total Funding Received to Date: $485
Remaining Goal to be Funded: $19,515
Total Funding Goal: $20,000
This project has provided additional documentation in a PDF file (projdoc.pdf).
Crops and animals need time to grow. It may take months or years to evaluate its success. Based on the villager’s requests it is clear that with a small amount of money entrepreneurial ventures could greatly improve their lives if they can get it.
“People in villages in Madagascar are not short of ideas on how to improve their lives, but they can not afford to realize these ideas due to a lack of money” (Translation of a very poetic statement)
- Dixit, Leader of Fiadanana's women's group
Markus Faigle
Volunteer
Project Zahana
PO Box 62223
Honolulu, HI 96822
United States
+1-808-988-9941
Email:
Zahana
BP 8362
Antananarivo,
Capital
101
Madagascar
18089889941
http://zahana.org
 A community school for all (children) in Fiarenana |
 Solar cookers for the school in Fiadanana |
 Changing lives in the village of Fiarenana |
This project is located in Madagascar
and can also be found under Economic Development.
For more information about Madagascar, read the Human Development Report on Madagascar or the Wikipedia entry for Madagascar.
This project was last updated on December 22, 2009.
This project was added to the GlobalGiving project catalog on December 18, 2009
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