Empower Small Businesses Through Microfinance

by Develop Africa, Inc.
Empower Small Businesses Through Microfinance
Empower Small Businesses Through Microfinance
Empower Small Businesses Through Microfinance
Empower Small Businesses Through Microfinance
Empower Small Businesses Through Microfinance
Empower Small Businesses Through Microfinance
Empower Small Businesses Through Microfinance
Empower Small Businesses Through Microfinance
Empower Small Businesses Through Microfinance
Empower Small Businesses Through Microfinance
Empower Small Businesses Through Microfinance
Empower Small Businesses Through Microfinance
Monday, next to her stall
Monday, next to her stall

Warm greetings from the Develop Africa Team

Each new day we are excited about the impact we are making together. We are delighted to provide you with this field update:

A total number of fifteen (15) beneficiaries are currently enrolled in the microfinance /micro credit scheme. This scheme has been of tremendous helping parents to support their families and meet additional costs of education. Here's a heart-warming testimonial from one of the female beneficiaries, Monday Bangura.
 
Monday Bangura is a new, female microfinance beneficiary who joined the scheme in January this year. Monday has three children and her husband is a temporary vehicle driver. More often than not he is without a job. Christiana, Monday’s eldest child is a beneficiary of Develop Africa's scholarship scheme.

In her own words: "I had difficulty providing daily school lunch for Christiana as well as taking care of the other children out of the meager proceeds of peanuts sale I was engaged in. The microfinance support has helped me to expand my business, generate more income and enroll my second child in school. I am very grateful to GlobalGiving and Develop Africa for your support. Indeed, you have restored my dignity and self-esteem in the community. I can now send my children to school with enough food to eat. I thank you very much”.

Thanks donors for helping to restore her dignity and self-esteem. The impact of your donations is powerful and priceless!

Let's impact many more lives together.... We invite you to make a donation today or be sure to include us in your end-of-year-giving plans.

Our very best wishes

Monday preparing food for sale
Monday preparing food for sale
Monday and her family
Monday and her family
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Microfinance Beneficiaries 2010
Microfinance Beneficiaries 2010

“The teaching was excellent...”

This was one of the feedback comments received at the end of the three-day training session which took place in Freetown, Sierra Leone (21st–23rd January, 2010). The training included teaching sessions, engaging in practical manufacturing, buying and selling exercises, steps in developing a business plan, reviewing the petty cash book etc. The training helped them appreciate their own strengths and weaknesses and to build the critical business skills they need to ensure the success in their enterprise.

Training also focused on providing essential business principles and perspectives such as: • The eight principles of working together • How to accept each others views and arrive at a win/win situation • Embracing change • The 4 cunning behaviors that may lead to failure • The 10 personal entrepreneurial competencies

EVALUATION: Feedback from the participants was as follows:

• The teaching was excellent. • We made new friends – the other beneficiaries • The training was very necessary to start do a business • The patience of the facilitator in teaching • Different ideas on business • The food and venue • The experience sharing session.

What did you gain from the Workshop?

• The fun and company of all. • Experiencing new ideas • Encouragement to run the business well. • Friendship • Learning to take note of business ideas, skills and problems experienced in our daily business life. • How to estimate Budget and Develop a Business Plan • The 8 Principles of working together • The 4 cunning behaviors • The Personal Entrepreneurial Competencies and examples given to explain them better.

What is your wish?

• To get success in business • To put loan into good practice. • God’s guidance and blessing for Develop Africa. • Loan to be doubled. • The group remains committed. • Good health and strength to manage the business.

Below is a link to a video from one of the Microfinance beneficiaries. In this video, Rugiatu, one of Develop Africa's Microfinance beneficiary’s expresses her profound gratitude to donors and God for providing funds that she has used to expand her business. Rugiatu is a single mother of three children, living in Freetown Sierra Leone. Her business is food preparation and sales - usually rice and a soup / sauce. She was one of the pioneers of Develop Africa's Microfinance and business training program.

http://www.youtube.com/watch?v=576bk8UGprA

Thanks you for your continued support. We welcome your feedback. Please share this report with your friends through email, Facebook, etc.

best wishes

Sylvester

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Sylvester visits with Microfinance beneficiary
Sylvester visits with Microfinance beneficiary

They say a picture is worth a thousand words. Well … a video has got to be worth so much more…

I had the opportunity to personally visit the businesses of our microfinance beneficiaries during my field trip earlier this year. During the trip the beneficiaries asked me to bring back and convey their deep appreciation to you – our GlobalGiving donors, partners and team.

We are excited to share with you a video – a testimonial from one of the Microfinance beneficiaries. In this video, she explains how she has benefited from the training and funds provided by Develop Africa. She explains that she has strategically implemented the practical training and coaching that she received. This has helped her grow her business.

*** Click on the link below called - "Watch Video - Microfinance Testimonial" to see video on Youtube.com

Empowerment of women critical to the development of Africa. Together we have empowered several women. This is heart-warming and transformational. Thanks for playing a part in their empowerment and the development of Africa.

How do you think we can work together to attract wider support? We welcome your comments and feedback.

Can you join us in empowering the lives of many more women? Our next training session starts in January / February 2010 and we welcome your support that would help us empower several more women. Please make a donation today, before the end of the year. Thanks for your support!

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Seray and her children survive through Microfinance proceeds
Seray and her children survive through Microfinance proceeds

“A heart-warming experience that left me feeling influential!” There is no better way to summarize the way I felt during my recent trip to Sierra Leone in May. I had the opportunity to meet and visit the beneficiaries of our Microfinance program.

Fatmata Katta, one of the female beneficiaries said to me: “I am grateful to you for bringing this program because if you did not come to help us, some of us would have simply been selling without strategy.” The training provided at the start of the program has helped her to better plan and also act as a distributor, expanding her business.

As I visited the beneficiaries, made suggestions and offered business advice, I realized that our joint efforts together were making a significant difference in their individual lives and businesses. The results and difference were undeniable. Through our efforts, we are definitely changing their lives and helping them to become self-sufficient. It was a humbling moment and I felt so influential.

As you read this report, I hope you will feel “influential” too – because you have truly helped turn their lives around. I hope this thought will make my day – as it did mine!

Thanks donors for your on-going support! We all realize the value of being self sufficient and financial independence. By providing business training and microfinance, we have together helped establish a proven path to their self-sufficiency.

Additional details about, pictures and a full report on my field trip are available from the Site Visit Report link below.

We would appreciate your feedback and hearing from you. Please feel free to contact us at any time.

Your continued support is also appreciated. Please consider making an additional donation today or signing up for recurring donations. This would help us impact many more lives. Always remember – “you are influential!”

Peter sells vehicle and cooking accessories
Peter sells vehicle and cooking accessories
Sylvester visiting with Fatmata, one of our beneficiaries
Sylvester visiting with Fatmata, one of our beneficiaries

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The United Nations in this newspaper article talks about the need for Microfinance. This directly confirms the need for this project in Sieraa Leone.

---------------------------------------

Director General of the United Nation Industrial Development Organization (UNIDO), Dr. Kandeh K. Yumkella has called for micro finance investment for youth in the Mano River Union (MRU) countries, especially Sierra Leone. He made this pronouncement on Thursday 8th January 2009 at a press briefing held in the Conference Room of the Ministry of Information and Communication, Youyi Building in Freetown.

"For Sierra Leone to develop, it needs a lot of investment," he stated..."

Please click on the link to read more...

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Organization Information

Develop Africa, Inc.

Location: Johnson City, Tennessee - USA
Website:
Facebook: Facebook Page
Twitter: @developafrica
Project Leader:
Sylvester Renner
President, Develop Africa
Johnson City, Tennessee United States

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