The main objective of the project is to empower vulnerable rural women in Garoua 3 and Pitoa communes through self-help groups. The microfinance project will help self-help groups to develop economically and socially and improve their living conditions.
In the northern part of Cameroon, chronic drought episodes lead to recurrent food and nutritional crises. Among vulnerable populations, women are generally the most affected by climatic phenomena (can not leave home, sacrifice - food, health - for the benefit of children ...). Add to this the problems of illiteracy of women and girls and lack of confidence. These women must obtain loans at high rates from local lenders for their economic and social needs.
Self-help groups will help 50 groups of poor and vulnerable women to obtain microfinance at low interest rates because they will be developed economically and socially and will be able to obtain sustainable livelihoods. In addition, they will be exempt from the paw of local money lenders and their operation.
Vulnerable rural women will see their confidence increase, the social evil of contempt will be reduced, women will become financially healthy through the habit of saving. Women will live a better and dignified life by their unit (self-help group). The project will increase family income, economic independence and create a sustainable social support network. Improved saving is not part of the culture of these vulnerable women. Training on the concept of savings and credit will be a great asset.
This project has provided additional documentation in a Microsoft Word file (projdoc.doc).