By William Logai Ochieng | Executive director
Thanks for your continued support of microloan project for South Sudanese in Uganda.
By the time of this report:
With microfinance loan capital from Deki Microfinance Ltd, HOPE OFIRIHA granted small loans to 47 clients in December. With new contributions from GlobalGiving donors, and repayments collected are recycled into new loans and disbursed to 12 active clients.
In total in 2015, you gave small loans to 1015 entrepreneurs. The majority of them are in South Sudan and few clients in Uganda.
In a next quarter, we will send you a new field update report to let you know the impact of your contribution.
During the coming Christmas, our hearts go to South Sudanese women who has no opportunity to run a business to support their families with basic needs due to poverty.
Please consider giving a one-time tax-deductible donation of $250 to enable one South Sudanese woman to start a business to provide her family with essential necessities and pay school fees to educate her children.
Small loans are providing an economic lifeline for unbanked South Sudanese Refugees stranded in the outskirt of Kampala city.
An entrepreneur and her husband, who started their business by borrowing much smaller amount, are now trusted by Hope Ofiriha Sacco Ltd with a loan of UGX 1,500,000-.
Microcredit, the offering of small loans (as little as $10) to inspire entrepreneurship among those who lack collateral or a steady income as a way out of poverty, started with Grameen Bank in Bangladesh in the 1970s.
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