I am doing well, thanks, W4 so much!
Thanks for your continued support of microloan project for South Sudanese in Uganda.
You did it again this year: Your cash and money from different sources helped grant microloans in the hand of 650 economically active clients in both South Sudan and Uganda.
Thanks DEKI for providing the largest microfinance loan capital. Deki's money is repayable after the partnership comes to an end.
By the time of this report:
With a grant of microfinance loan capital from W4, HO had disbursed microloans to 20 new clients. In total W4, has funded a total of 60 clients.
In a next quarter, we will send you a new field update report to let you know the impact of your contribution. In a report, we will tell you a positive change it created in a life of South Sudan refugee women and their children in Uganda.
Our micro-loans program offers poor active women the chance for economic independence through entrepreneurship. Obtaining the capital to start or operate a business is a major obstacle for most of South Sudanese women and their families stranded in Kampala, as a result, from Sudan's African longest civil conflict. As refugees, they have a limited option to access bank loans, particularly those without formal education. Our program provides loans to not only qualified recipients but offers educational support to help them earn huge profit through their businesses.
Women themselves start their micro-loan group with a drive to lift themselves and their families from the burden of poverty. Every month, they attend group empowerment, and education workshops focus on small business management, record keeping, and mini bookkeeping help them be successful in their efforts. When women repay their initial loan, they qualify for a high credit during the next cycle. Over the years, we have seen women start their mini saloon, restaurant, food stall in a market, and farming businesses as a result of our program.