Credit Women's Initiatives

by IDEX (International Development Exchange)
Vetted

Summary

With a loan of $50 to $200 plus training, a poor rural woman can start her own business selling organic vegetables, sewing saris, or supplying milk to dairy processing facilities among many other type
$200
total raised
2
donors
0
monthly donors
10
years active

Challenge

Many rural families and communities lack banking services, possess little collateral to obtain credit, and live far from commercial centers. Women typically are heads of households as men migrate to cities or mines in search of work, but they struggle to make ends meet. With a loan at a fair interest rate and technical support she can start and scale-up income-generating activities that will support a balanced diet, schooling for her children, and eventually durable housing.

Solution

1000 women will take small loans ($50 to $200) to start businesses. In conjunction with the loans, they will receive technical support on building and scaling up businesses. Groups of 10-20 women will share ideas and support each other’s ventures.

Long-Term Impact

With repayment rates routinely reaching 98% an original loan fund is “recycled” yearly to new women. Wealth accumulation builds local economies. Women also discover their own potential, educate their children, and break out of dire poverty.

Additional Documentation

This project has provided additional documentation in a Microsoft Word file (projdoc.doc).

Resources

http:/​/​www.idex.org

Organization Information

IDEX (International Development Exchange)

Location: San Francisco, CA - USA
Website: http:/​/​www.idex.org
Project Leader:
Deborah Goldberg
San Francisco, CA United States

Funded Project!

Thanks to 2 donors like you, a total of $200 was raised for this project on GlobalGiving. 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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