Help Momoh Launch a Small Business

A microproject by Develop Africa, Inc.
Help Momoh Launch a Small Business

Summary

Momoh is a construction worker and has done a variety of odd jobs to help take care of his family - wife and 4 kids. He has been out of steady work now for over 6 months and is struggling to take care of his family. He currently depends on the goodwill of friends. He would like to go into business - run a taxi cab. Funds from this project will give him a new opportunity to take care of his family and become self-sufficient.

$10
total raised
1
donor
0
monthly donors
5
years

Challenge

Momoh does not have any credit history or collateral. As a result, he is not able to obtain a loan from traditional banks. This project will solve the problem of joblessness and the lack of business capital. It will provide funds for a microfinance loan for Momoh.

Solution

Project funds will be used to purchase, register and insure a taxi cab. This microfinance, interest-free loan will provide hope, opportunity, and transformation to Momoh. With the proceeds from the taxi, Momoh will be able to take care of his family.

Long-Term Impact

Momoh and his family will be able to have a decent lifestyle. With good stewardship, the business could grow to include other taxis - setting him and his family permanently free from poverty.

Resources

Organization Information

Develop Africa, Inc.

Location: Johnson City, Tennessee - USA
Website:
Facebook: Facebook Page
Twitter: @developafrica
Project Leader:
Sylvester Renner
President, Develop Africa
Johnson City, Tennessee United States

Retired Project!

This project is no longer accepting donations.
 

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