The Women Microcredit Programme is a sustainable microcredit scheme that provides small-scale interest-free loans and basic financial literacy and business management training for women entrepreneurs living in rural communities without access to affordable funding, thus economically empowering them and providing them with access to financial inclusion.
Rural women entrepreneurs are easily affected by economic downturns due to the fragile nature of their business operating models; dependent on daily earnings with small profit margins/savings. These women have insufficient financial literacy and business management knowledge resulting in an almost non-existent business plan. Dependent on cash or informal credit transactions their businesses lack formal financial history, preventing them from accessing finance to sustain and grow their business.
Provide rural women entrepreneurs with access to small-scale interest-free loans, saving their business from the financial burden of interest rates. Provide rural women entrepreneurs with relevant basic financial literacy, business management and marketing skills training required to run a successful small-scale business. Ensure formal and digital financial inclusion of rural women entrepreneurs by providing access to formal financial services.
Rural women entrepreneurs are significant long term development partners; their engagement in economic activities at the grassroot level creates monetary gains, decreases the poverty rate, increases self-employment and employment of others.
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