Project Report
| Mar 6, 2023
progress report
Enhancing Livelihood for 100 poor women in Bia B is progressive.
In order to strengthen the conomic self-help competence of the women, and enable them to financially provide for themselves and their children, self help and saving group FOWAC establishrd is quite successfull and sustainable. FOWAC continue to support the solidarity and savings groups created in Bia B. The support has gradually reduced dependancy of women on their spouses.
The economic support of the women is incooperated so that members could maintain closs contact and support one another through weekly psychosocial group counseling.
FOWAC follows a two ways approach in working with the groups. first and foremost, FOWAC introduced the women to the culture of saving, and put them in a position of being able to run a small business.
At the same time, receive basic business skills, and an introduction to the concept of savings; this involves; basic knowledge of business selection, planning and management of microbusinesses. Every member regularly borrow a certain amount of money, based on what they have saved.
After one to three months, the money borrowed is paid back including interest. The women meet weekly to discuss their progress and decide together which member can borrow again.
The support has contributed hugely and created a multiplier effect in the lives of women in Bia B.
Appreciation to our cherished donors.
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