PMI Training on Microfinance Concepts and Tools
- Global Giving April Fundraising Challenge
- Success story: The Soap Maker
- Partnership with non-profit organization supporting rape survivors in North Kivu
- Cedar Lane Church (Bethesda, Maryland) features Pro-Microfinance during fundraising event
- PMI Training on Microfinance Concepts and Tools
April Global Giving Challenge: Thanks to your support, Pro-Microfinance exceeded the fundraising goal by raising $4,075 from 68 donors during the month of April through the Global Giving April Challenge and secured a permanent spot on the globalgiving.org website. This was a unique opportunity for the organization to use social media to raise its profile and access a renowned online community. The donations received have been used to implement loans programs for three new groups of 23 women who have been waiting for a loan a while ago after their approval. Their training cost was taken care of as well.
Success Story of the Soap Maker: Maman Katungu Kyarambi is a soap maker working with her husband at home. They started their soap-making business, Mileto Soap, with her first loan of $50 from Pro-Microfinance DRC in March 2010. Initially, they produced two boxes of soap per day to sell in the community. Two months later, after re-paying their original loan in full, they qualified for a $100 loan. Four months afterward, they were approved for their third loan, of $200. In order to meet the growing demand for the high-quality product, in March 2012, the entrepreneurs took out a fourth loan of $400 in order to increase production (12 months after their first loan). Today, the couple is planning to increase production even further. The couple is currently working on a business plan with the help of PMI loan officer and will apply for a $1000 loan, which would be used to purchase a mixer and employ two employees from the community.
If you or your friends and family would like to make a donation to support these women who are rebuilding their lives, please donate at the following link: http://www.globalgiving.org/7820
New partnership with Women Committed to the Promotion of Integral Health: In North Kivu in the territory of Lubero, many women have been victims of sexual violence. Through the non-profit organization Femmes Engagées pour la Promotion de la Santé Intégrale ("FEPSI”) “Women Committed to the Promotion of Integral Health”, women receive a wide range of medical, psychological and social services. Pro-Microfinance DRC is developing a partnership with this organization in order to provide for the economic reintegration of these women. Successful soap-maker Maman Katungu Kyarambi, has volunteered to train 21 women in her soap making business. At the conclusion of the training, the top graduates will receive their first loan to start their own soap-making business.
Cedar Lane Church (Bethesda, Maryland) features Pro-Microfinance during fundraiser: Pro-Microfinance USA was invited to participate in the “Harambe” event at Cedar Lane Unitarian Universalist Church of Bethesda in Maryland. The event featured a traditional storyteller from Ghana, African cuisine, and brought together several non-profits working with African entrepreneurs, including John Syauswa Kavyavu, CEO of Pro-Microfinance who spoke to the audience about Pro-Microfinance International. Many thanks to Annette Scapritta who organized the event as a celebration of her birthday that made a difference.
PMI Training on Microfinance Concepts and Tools: In an effort to raise awareness and build capacity on microfinance in North Kivu, DR Congo, Pro-Microfinance launched a monthly training program that benefits all its current and potential clients. The first session took place from June 24- 25, 2011 with over 42 attendees. During the training participants learned what is microfinance and how PMI’s microfinance services can help them start or grow their own small businesses and lift themselves and their families out of poverty. They also learned the importance of forming or joining Solidarity groups and how to hold meetings in their own groups. A detailed description of services provided by Pro-Microfinance DR Congo was given to them: In-kind loans, cash loans, savings, etc. Attendees were satisfied with the training and expressed interest to participate in future trainings organized by PMI. Refreshments were offered at the end by PMI to provide the opportunity for participants to network and exchange best practices.
Special thanks to those of you, who have contributed to the women and families who benefit from our loan programs. Pro-Microfinance International’s success is a result of your efforts. Your ongoing interest and support is helping to change the face of poverty in DR Congo, one life at a time.
John Syauswa Kavyavu Founder & CEO ProMicrofinance International