Lao Weaving Artisans - Micro Credit Project

by Social and Economic Developers Association (SEDA)

Summary

This pilot will provide loans to women in the Vientiane Province. Using a microfinance program, SEDA will provide financial services to people whom otherwise would not have access to funds.
$2,265
total raised
23
donors
0
monthly donors
7
years active

Challenge

The need addressed is creating business opportunities for women who are in poor and remote villages. The members will be able to weave 15 skirts which will generate maximum income equal to $375 USD per month. After the loan interest of $75 USD is paid to SEDA, the individual profit will be $300 USD per month. This program provides the means for these women to escape poverty.

Solution

In addition to starting a micro credit finance program this project will provide technical support, training, inspection, and quality control and assist in the marketing of the products.

Long-Term Impact

This project will test the feasibility of the artisan of silk textile production funded by a micro-credit system. If successful, SEDA will convert expand the variety of loans available and expand the project to a national level.

Additional Documentation

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

Resources

http:/​/​www.seda-laos.org
Photos of Weaving

Organization Information

Social and Economic Developers Association (SEDA)

Location: Vientiane - Afghanistan
Website: http:/​/​seda-laos.org
Project Leader:
Souly QuachAngkham
Founder
Vientiane, Lao Lao People's Democratic Republic

Funded Project!

Thanks to 23 donors like you, a total of $2,265 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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