Empower 750 Ugandan rural women start businesses.

by Organization for Development and Solidarity (ODS)

Summary

Organization for Development and Solidarity plans to support 750 rural women who are widows and single mothers access micro-credit as low as $50 per woman to build and expand small scale enterprises.
$75.00
total raised
2
donors
0
monthly donors
5
years active

Challenge

Rural poor women who are widowed and head families; either as widows or single mothers, have great problems getting a simple micro-credit to start up or expand their businesses because they do not have accounts with the banks, fear high interest rates charged (30% p.a) and lack collateral like land to secure a small loan from the banks.

Solution

The project will provide a micro-credit initiative issuing a collateral free, interest bearing (6% p.a) loans for as low as $50, and skills enhancement training of $15, to 750 rural poor women of Teso Sub-region to start up or expand business.

Long-Term Impact

The project will provide 750 rural poor women with entrepreneurial skills and start-up capital of $50 each,help them improve their household incomes, allowing them to rise out of poverty and business illiteracy, be able to provide for their family.

Additional Documentation

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

Resources

http:/​/​www.globalgiving.org/​microcredit-for-rural-women-in-uganda

Organization Information

Organization for Development and Solidarity (ODS)

Location: Soroti, Eastern Region - Uganda
Website: http:/​/​ www.globalgiving.org/​microcredit-for-rural-women-in-Uganda
Organization for Development and Solidarity (ODS)
Project Leader:
Stephen Esaku
Mr.
Soroti, Soroti Uganda

Funded Project!

Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.
   

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