Empower Mothers in Tanzania with Microloans

by Opportunity International
Vetted

Summary

A staggering 60% of Tanzania's population lives on less than $1 a day. Women are deeply affected by this number, as in 2004 they were the head of household in 25% of families. Opportunity International aims to bring financial services to these people so they may work their way out of poverty.
$1,203
total raised
20
donors
0
monthly donors
5
years active

Challenge

The issue of gender equality still exists in Tanzania. Women are often head of households, but worldwide 75% of women have no access to financial services. Without access to savings accounts, loans, and insurance, the job of providing for a family becomes even more difficult.

Solution

Opportunity International currently have over 9,000 active clients in Tanzania, and 76.8% of these clients are women. When these women receive access to financial services, they can improve and expand their businesses, allowing them to increase their profits and support their families. As a result, they can feed their families, fund their children's education, and break the cycle of poverty.

Long-Term Impact

Investing in women's empowerment has been shown to increase GDP, decrease HIV/AIDS rates, and increase civic participation. When women participate more in the labor force, the economy experienced the largest reduction in labor rates. By enabling women in their fight against poverty, you allow them to lift up their communities and future generations.

Additional Documentation

This project has provided additional documentation in a Microsoft Word file (projdoc.doc).

Resources

Opportunity International Corporate Site
Opportunity International Peer to Peer Donation
Opportunity International Blog
Learn about Opportunity International

Organization Information

Opportunity International

Location: Chicago, IL - USA
Website: http:/​/​www.opportunity.org
Project Leader:
Ally Lynch
Oak Brook, IL United States

Funded Project!

Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.

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