Empower Entrepreneurs in South Africa

by Opportunity International
Vetted

Summary

Less than 35 percent of the people hold formal employment, and poverty is rampant at the bottom of the economic pyramid. Opportunity seeks to address this problem using micro-financing services.
$145
total raised
5
donors
0
monthly donors
5
years active

Challenge

Many South Africans face extreme poverty, in fact, half of its 49 million people live below the poverty line. Often times, poverty is a result of lack of financial services, such as savings accounts, insurance, and microloans so entrepreneurs can start their own businesses. In order to expand these services to the most remote places of the world, like South Africa, Opportunity is building banks to meet the needs of the poorest of the poor who are often denied access to such basic services.

Solution

Bank building will work towards eradicating poverty in South Africa by offering financial services as well as training, trust groups, and a variety of technologies including mobile banks to meet the basic needs of those in poverty.

Long-Term Impact

We are working toward the day when all Africans can safely deposit their savings, access capital to grow their businesses and purchase affordable insurance to protect their assets—with all these services readily available in their own communities.

Resources

Learn more about South Africa
Learn more about Opportunity International
Learn more about the Banking On Africa Campaign

Organization Information

Opportunity International

Location: Chicago, IL - USA
Website: http:/​/​www.opportunity.org
Project Leader:
Ally Lynch
Oak Brook, Illinois United States

Funded Project!

Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.

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