Enabling women to access financial literacy and collateral-free loans. Industrious and innovative disadvantaged women at the grassroots are struggling to put food on the table. They are hawkers, vendors, traders, artisanal entrepreneurs, smallholder farmers, who need access to inexpensive finance and financial literacy to enhance profitability of their enterprises and to improve livelihoods. Little by Little, we can establish a community loan fund to give women loans and financial literacy.
"If I could get a cheap loan of a million shillings (US$ 268), I would expand my business & earn more profit. I would be able to: buy a bag of potatoes at a lower unit cost & make more sales profit; expand varieties of fruits & vegetables that I can buy to sell; & improve the structure of my fruit & vegetables stand," dreams Baraka. Many women such as Baraka aren't sufficiently financially literate to access loans from formal financial institutions & can't afford to pay the high interest rates.
This project plans to enable disadvantaged, but enterprising women in Uganda to access loans and to receive financial literacy training. We plan to establish and grow a fund through which, women in Uganda, such as Baraka, will access low interest loans that they will invest in their enterprises. And to give each borrower on-going financial literacy training and monitoring to facilitate them to initiate and sustain own profitable income generating activities for improved livelihoods.
Long-term, households of women, project beneficiaries, will have livelihood alternative investments through which they earn sufficient incomes to be able to afford the right quantity and quality of food for their respective households. Contributing to reducing the proportion of undernourished people in Uganda, as well as reducing the percentage of children in Uganda who are stunted and body-wasting. Overall, members of benefiting households will suffer less from malnutrition related ailments.
This project has provided additional documentation in a PDF file (projdoc.pdf).
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