Meet Amma. She is now running a small business selling porridge after receiving a loan from this programme. This programme that you supported. Quite incredible how far a small contribution can go. And like Amma, there are other 800 women part of the programme!
We continue spreading the programme in other villages and the number of women involved increases week by week. Our work keeps focusing on the following 3 main areas:
1. START: offering loans to women to start small local businesses. These businesses can be anything from producing and selling food, drinks and clothing to cutting people’s hair.
2. SUPPORT: enhancing the knowledge and business skills of these women is just as important as the loan itself. The training programmes are suited to the learning needs of the women so they acquire lifelong knowledge about earning a profit, saving and reinvesting into their business.
3. SCALE: the women are put into groups and together they share a collective responsibility for meeting loan repayments. This way if one woman can’t make a repayment one week, the group will pay it back on time. The financial sustainability of the programme is achieved by the high 99% repayment rate on loans.
We still have a long way to go in achieving our goal and every contribution helps us reach more women, create more businesses, offer more trainings, improve more lives and build more sustainable communities.
Thank you once again for your donations and we hope to continue having your support in the future. Because with your support we can accomplish more!