By Alex Stott | PR and Communications
SEDA works with giving micro-credit to women and farmers. A pilot project was implemented in January 2010 which involved planting rice and growing livestock. This is the second village which SEDA has tested the effectiveness of giving fish baits as a micro-credit. For example, each household is given 500 fish baits, trained how to breed fish, and when they have successfully bred many fish, they repay 1000 fish baits as interest. Those 1000 fish baits are then lent to other villages, and the cycle continues, allowing farmers to create their own sustainable livelihoods and helping victims of the typhoon. Currently this is a pilot project and SEDA will provide 137 families with micro-credits. Each family will receive 500 baits.
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 can receive an email when this project posts a report. You can also subscribe for reports without donating.
