Microloans for Women in Swaziland

by Imbita Swaziland Women’s Finance Trust

Summary

Imbita was formed as a self-help organization for women, and seeks to continue microfinance funding for very poor Swazis in their quest to alleviate poverty for themselves and their families.
$50,000.00
total raised
13
donors
0
monthly donors
10
years active

Challenge

This project empowers women to care for themselves and their families through revolving loans in an area not being served by other microcredit organizations. It provides women with credit to start businesses and increases their ability to support their families, especially in a country with the world’s highest HIV/AIDS infection rate. It directly addresses the importance of agricultural communities to begin seeking other income sources as Swaziland continues to suffer from a drought.

Solution

Imbita offers three main programs and services: savings, loans and training. Imbita requires that all women who receive loans attend training sessions on cash and credit management, budgeting, marketing, pricing and record-keeping.

Long-Term Impact

Imbita promotes a culture of savings and requires 20 malanga ($4) per month as minimum savings per woman. This has helped women save for their children’s school fees, and for seeds and fertilizers needed in planting season.

Additional Documentation

This project has provided additional documentation in a PDF file (projdoc.pdf).

Resources

http:/​/​www.genevaglobal.com

Organization Information

Imbita Swaziland Women’s Finance Trust

Location: Manzini, Swaziland - Swaziland
Project Leader:
Meredith Allred
Executive Assistant
Washington, DC United States

Funded Project!

Thanks to 13 donors like you, a total of $1,208 was raised for this project on GlobalGiving. 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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