Empowering Resource Poor Women Through Micro-loan.

Dear esteemed supporters,

Let me start by wishing you special seasonal greetings and a happy new year in advance.

Without a doubt 2016 has been a very successful year for us and our beneficiaries. One special event took place in September 2016. A bike ride from  Amsterdam, Brussels and Paris to London. This is the second event organised by our supporters from Dentsu Media Network a corporate partner to GlobalGiving. This year's bike ride raised £11,000 for our two projects; Empowering Resource Poor Women Through Micro-Loan and Bridge Educational Gaps for Orphan Girls.

We sincerely thank GlobalGiving UK for introducing us to this wonderful staff of Dentsu Media Network which organised and took part in the Bike Ride last year and this year. Thank you also for your generosity and support throughout 2016. Your initial donation played in the successes we have achieved for our beneficiaries. Because of the money raised through the Bike Ride event, are now able to increase the number of women we support by 25 and provide additional micro-loan for the existing women so that they can re-capitalise their businesses. The disbursement is scheduled to take place on December 24th, 2016 during which £4048 will be paid to the beneficiaries. We shall let you know the details in the next updates in February. 2017. 

This what Habiba, a Bulla Wajir resident ( a camp for internally displaced families) and the group leader for the five women selected from this village had to say on hearing of the forthcoming disbursement.

'' Before the micro-loan was given to us we use to buy a bag of vegetables from the traders and sell them to our customers. Now most of our members have increased the number of vegetable bags they buy to two. With further support, I am sure we can expand our business. Thank you GENCAD''

In addition to increased volume of items they sell, the initial 30 women beneficiaries have accumulated savings equivalent to the loan they have repaid. The loan was provided on condition that the recipients save an equivalent amount to the loan repayment with us. This serves as an incentive to avoid loan defaults and engender savings culture amongst our beneficiaries. The amount they save with us will be handed back to them once the full loan repayment is made.