Project Report
| Sep 10, 2022
Good and bad news
By Action10 | Volunteer
Background
Together we can empower individuals in Africa who are interested in creating small businesses. This will give them the opportunity to get out of poverty and help in the development of their community through boosting economic development. We will provide small loans for business investments as well as training and coaching to entrepreneurs in the rural areas of the Maritime Region in Togo. In February 2021, we reached our initial funding goal of USD 10,000 and we have now raised the target.
Project update
In the last project report we outlined a possitive message of the progress that is being made thanks to our regional partners. In this project update we would like to reiterate that message. The programme in the villages are going well and we are grateful for all the work done by our partners. The women are managing their businesses in a sound way and the terms of their loans are being met - this is amazing. Given the success in these villages, we want to copy the project to other regions and villages to be able to expand the positive impact.
Although this is good news, we are very sad to share that our programme management partner has suffered from a stroke and is now on rehabilitation. Action10 is doing our best to help him and his family through this difficult period. The programme management is taken care of by two deputies at the moment.
We appreciate your support and contributions!
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May 17, 2022
Project Update
By Patrik Nilsson | Volunteer
Background
Together we can empower individuals in Africa who are interested in creating small businesses. This will give them the opportunity to get out of poverty and help in the development of their community through boosting economic development. We will provide small loans for business investments as well as training and coaching to entrepreneurs in the rural areas of the Maritime Region in Togo. In February 2021, we reached our initial funding goal of USD 10,000 and we have now raised the target.
Project update
In the last project update we had a very positive message and the businesses were thriving. We still view the progress made positively and it is very much attributed to our regional partners and our donors which together enables this. We continue to work on improving the organisation in Togo to enable it to grow as this is crucial to be able to support more women in the area. Additionally, we are just about to initiate a new round of lending which is great! When this is completed we will have more information about the progress and we will gladly provide you with this information in one of the upcoming project reports.
Thank you!
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Jan 24, 2022
The Businesses Are Thriving
By Patrik Nilsson | Volunteer
![Picture from Togo]()
Picture from Togo
Background
Together we can empower individuals in Africa who are interested in creating small businesses. This will give them the opportunity to get out of poverty and help in the development of their community through boosting economic development. We will provide small loans for business investments as well as training and coaching to entrepreneurs in the rural areas of the Maritime Region in Togo. In February 2021, we reached our initial funding goal of USD 10,000 and we have now raised the target.
Project update
The project in Togo is going well and the businesses are flourishing! There is a huge demand to further scale the businesses and we are working to raise more capital to meet this and to further support the social entrepreneurs. As the the organisation in Togo has grown and we want to make it more managable, we have agreed to divide the programme into sub-programmes with 100 women in each of them. We have also agreed that in this type of programmes, 5% of the interest is directed towards our regional programme management partner to cover costs and reimbursement, and 5 % becomes an income to the RISE Center in Togo, also to cover costs and reimbursment.
Thank you!
We are continously working to support the entrepreneurs and our regional partners are doing an amazing job in Togo to make this happen. Lastly, our donors are the ones enabling this which is why we want to say thank you for your contributions. Thank you!
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