By Aja Duniven | Global Engineer/Executive Director
I am excited to report that we are almost half way finished with the Miracles with Microloan pilot program with the women in Kenya! We have learned so much during the last 9 months and will have some testimonials in our next report.
In July 2011 we delivered 30 loans to women in the Kuwinda slum. Each woman received about $100 USD to start or expand her small business. Now the women are busy creating successful businesses and paying back their loans. On average the women are about halfway repaid on the loans and interest.
As we move into the first quarter of this year we are looking for additional funding to pay the loan officer and community employees that are helping the women each month grow their businesses. Please consider helping us reach out goal for raising $1000 by the end of February so we will have enough capital to press on.
Asante Sana (Thank you very much my friend)!
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