Based on Muhammad Yunus' microcredit model to empowering underprivileged women, we provide loans, training and advising to women living in poverty. This way, they can launch their own business enterprises and generate extra household income. Our entrepreneurs live in communities with few formal work opportunities. With additional income they are better equipped to meet urgent needs such as providing their children with adequate meals, healthcare, education, and a more promising future.
Gender inequality impacts the economy of the poorest women. They are those who cannot access quality formal jobs, bank loans or financial education. Women living in the northern zone of the Greater Buenos Aires find themselves with less access to the formal economy & education. Without training &/or job opportunities, they remain vulnerable and without tools to lift from poverty. This program aims to develop the women's entrepreneurial skills, achieving economic autonomy & personal empowerment.
This project will provide microloans to our enterprising women's businesses! Microloans help women buy materials to sew clothing, ingredients to bake cakes, inventory to start a small convenience store, tools to make dolls, and execute so many more unique projects. Our staff help these women develop sound business plans, and our volunteers meet with them every Saturday to make sure they get the support they need and remain on track to repay their loans.
Each woman participating in the program generates her own business plan based on the skills and/or knowledge that she already has or is in the process of developing. These business ideas arise spontaneously from the entrepreneurial women themselves, driven by their desire to prosper. They are invested in improving the lives of their family members, and generating household income will do just that!
This project has provided additional documentation in a PDF file (projdoc.pdf).