Business Revenue Generating Loans for 14 villages

by Ouelessebougou Alliance
Vetted
May 24, 2010

Villages seek more individual micro-loans

Villager repaying loan in Ouelessebougou
Villager repaying loan in Ouelessebougou

This year has been a dynamic one for our loan program. We always seek to work hand-in-hand with villagers to determine the best way we can help them to help themselves. This year, we learned from villagers that they want to break up their village loans into micro-loans for individual villagers. These loans are used to invest in such projects as purchasing tools for their gardening, starting small shops and buying fertilizer. We were amazed to learn that villages that have split up their loans like this have seen much higher profits! One villager in Famana even gained 84% profit on his individual loan!

Our in-country loan coordinator, Alou, says that our strongest asset is that we have created such a strong relationship with villagers. It is because of this strong relationship of trust that we’ve been able to see a 92% loan repayment rate.

We invite you help us fund 12 new village loans this year. We still need over $8,000 to reach our goal. Let us know what you think of this update by leaving feedback in the comments section below.

Comments:

About Project Reports

Project Reports on GlobalGiving are posted directly to globalgiving.org by Project Leaders as they are completed, generally every 3-4 months. To protect the integrity of these documents, GlobalGiving does not alter them; therefore you may find some language or formatting issues.

If you donate to this project or have donated to this project, you will get an e-mail when this project posts a report. You can also subscribe for reports via e-mail without donating.

Get Reports via Email

We'll only email you new reports and updates about this project.

Organization Information

Ouelessebougou Alliance

Location: Salt Lake City, Utah - USA
Website: http:/​/​www.lifteachother.org
Project Leader:
Angie Roberts
Executive Director
Salt Lake City, Utah United States

Retired Project!

This project is no longer accepting donations.
 

Still want to help?

Support another project run by Ouelessebougou Alliance that needs your help, such as:

Find a Project

Learn more about GlobalGiving

Teenage Science Students
Vetting +
Due Diligence

Snorkeler
Our
Impact

Woman Holding a Gift Card
Give
Gift Cards

Young Girl with a Bicycle
GlobalGiving
Guarantee

Sign up for the GlobalGiving Newsletter

WARNING: Javascript is currently disabled or is not available in your browser. GlobalGiving makes extensive use of Javascript and will not function properly with Javascript disabled. Please enable Javascript and refresh this page.