The main thrust of the project is to effect a revolving micro-credit scheme for 300 single Mothers as a means of enchaining their economic empowerment. To ensure these, women would be encouraged to form solidarity groups comprising five members. A number of 30 groups would be created from among the three hundred targeted beneficiaries. These members would be given responsibilities as chairperson, secretary, and collector per group who would co-monitor each other to ensure a timely repayment.
AYPAD has been undertaken series of research and documentation of experiences together with suggested recommendations of single mothers and commercial sex workers, most of whom have subsequently been absorbed into AYPAD's membership, and gradually acquired coping mechanism skills. AYPAD holds the view that women's empowerment lies with that economic power and decision making abilities, which would also reflect positively on their children.
The micro-credit scheme is hoped to be a revolving process and clients are expected to fully ensure repayment of loans given to them. Repayment of loan is expected to be done on a weekly basis. At the end of the week, the head of the group through the collector should ensure that all monies are collected and deposited in a recognized bank account of the organization. The loan is subjected to gradual increment based on the level of repayment performances of clients.
Upon registration and formation of solidarity groups, monies would be disbursed in cash to the group's head/chairperson, who would then be responsible for re-disbursed to the other members. Before disbursement, eligible members must ensure to fill in AYPAD's financial records forms. Additionally, beneficiaries would be encouraged to open savings accounts at a banking institution through which deposits would be made. They will be also be trained in Business management, bookkeeping, marketing
This project has provided additional documentation in a Microsoft Word file (projdoc.doc).