Micro-loans would help women to start trades
We sincerely thank you for your donations to this project during the June Bonus Day!
In June, we have been seeking out new partnerships to revitalise our project to assist impoverished women in Ghana to access working capital, receive training and start new businesses.
Myself and our board Secretary (Mr. Amponsah) met with the Operations Manager and Projects Manager from the Hopeline Institute at PAAJAF's office at the The Church of the Pentecost. At the meeting Hopeline requested PAAJAF to submit a board's resolution to work with them, which we have done. It is our aim to work together and receive support from Hopeline. We will keep you informed of progress.
The Hopeline Institute assists the marginalized populations of Accra, Ghana, especially women, by offering training in microfinance management and preventative health. Please see more about them at their website http://partnersworldwide.org/where-we-work/hopeline-institute/
As a project, we have also created a suite of new policies to implement including a background check form so that participants can provide references and to perform basic name and address checks, an affadavit and group lending agreement which clearly shows how the micro-loans and repayments are planned. This will assist in the monitoring and evaluation of micro-loans.