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Help Women Work their Way Out of Poverty in Togo

by ACTION10 Vetted since 2014 Top Ranked Effective Nonprofit
Help Women Work their Way Out of Poverty in Togo

Summary

Together we can empower individuals in Africa who are interested in creating small businesses. This will give them the opportunity to get out of poverty and help in the development of their community through boosting economic development. We will provide small loans for business investments as well as training and coaching to entrepreneurs in the rural areas of the Maritime Region in Togo.

$10,000
total goal
$9,201
remaining
27
donors
0
monthly donors
1
year

Challenge

Below the poverty line youth and especially women struggle to survive and support their families. Employment opportunities are almost nonexistent and it is crucial to creating new businesses in order to boost the economy. But the locals lack the knowledge and resources to create and run a business in order to become self-sufficient and also provide opportunities for the community. They need findings, training, and support to implement their ideas into real business.

Solution

We have a unique platform for providing the needed funding in Togo. We start with providing loans to local entrepreneurs and constant support to all them through business coaching and training. The formal guarantee for the loan is replaced by a social solidarity structure. Entrepreneurs offered the loans will form cooperatives of approximately five members where the independently run their businesses, but the paying back is collective. Every entrepreneur pays back with an interest rate of 10%.

Long-Term Impact

This will improve vulnerable people's skills, more specifically women's skills, in running their own businesses. Their businesses will address the everyday needs in the rural areas which will transform the lives of the whole community by providing products and services that have never existed in these areas. Also. it will increase the employment rate of youth and women, contributing not only on economic growth and a better life but also on the social development of the whole community.

Additional Documentation

This project has provided additional documentation in a DOCX file (projdoc.docx).

Resources

http:/​/​www.action10.org
Starting small business in rural Togo

Organization Information

ACTION10

Location: Bromma - Sweden
Website: http:/​/​www.action10.org
Facebook: Facebook Page
Twitter: @Action10Org
Project Leader:
Enkeleda Ibrahimi
Bromma, Sweden
$799 raised of $10,000 goal
 
28 donations
$9,201 to go
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