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.
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 otherÃ¢â‚¬â„¢s ventures.
With repayment rates routinely reaching 98% an original loan fund is Ã¢â‚¬Å“recycledÃ¢â‚¬Â yearly to new women. Wealth accumulation builds local economies. Women also discover their own potential, educate their children, and break out of dire poverty.
Project Leader: Deborah Goldberg
Thanks to 2 donors like you, a total of
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.