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
Isata - food ready for waiting customer
Isata - food ready for waiting customer

It is with great joy that I share the story of Isata.  Thanks to your support, we together have helped to enhance her business and improve the standard of living of her family.

Madam Isata is an illiterate petty trader, who has never had the opportunity to attend any educational institution. She lives in Bo, Sierra Leone.  She has nine children (3 boys and 6 girls). Isata struggles to educate her children. The eldest child is preparing for his public (WASCE) examination. The school costs including books, school fees, uniforms are burdensome on Isata. The father of her children is alive, but he is an additional burden to the nine children as his salary as low rank police officer is a pittance for the maintenance of the family.

Isata is engaged in cookery sale (cooked rice, foofoo, boiled cassava and beans) as an income generating activity to take care of her family and educate her nine children. Isata makes a profit of Le 50,000 (about $12) per day.  She carries out her business in a rented shack for which she pays about $4 per month. Isata has been in this business for five years. Originally, each day due to lack of money, Isata would buy the food items in small quantities (rice by cup, palm oil by pint, fish by measure, etc.) to sustain her business. The low profit margin put the sustainability of her business at a high risk.  Isata therefore needed micro finance to expand her business,  by buying rice by bag, palm oil by bata (five – gallon container, fish by basket, etc.) to maximize profit, which she could plough back into the business for sustainability as well as being  able to take good care of her children.   

Thanks to the funds donated, Isata received an interest-free loan and has been able to buy her cooking supplies at wholesale - which has immediately increased her bottom line.  She is very grateful to Develop Africa and all GlobalGiving donors for supporting her with micro finance to enhance her business and improve the standard of living of her family.  Thanks so much for your support!

Make a Donation Today -  Great Way to Help Change Lives:  Giving towards microfinance is a great way to help small businesses grow and become independent.  Study after study confirms this and we have together been able to strengthen many businesses.  Your donations are making a definite difference and positive impact to the lives of women and families.  By donating to this project - you are doing the greatest good and bringing permanent change!  Its heart-warming to have this opportunity to help influence destinies and we welcome your on-going support.   Together we can empower many more women / small businesses.

Isata at her table
Isata at her table
Share on Twitter Share on Facebook
Teamwork - group members preparing water for sale
Teamwork - group members preparing water for sale

Warm greetings:

We would like to share with you 2 specific points that are of note - as follows:

1.  We are continually encouraged by the steady progress that our microfinance beneficiaries are making.  Loan repayments are on schedule for the majority and the funds have introduced income stability and progress.

2.  The Bo women's group of recipients are working together as a team - more than we have ever experienced before. Typically, the beneficiaries meet periodically to discuss progress - but the Bo group is a lot more cohesive.  They existed as a group before funding and have continued to be self-supporting - chipping in and helping each other through cycles of labor need. 

During my visit in May, I observed them at work together, as they helped fill packets of water.  They also spend time regularly discussing progress, issues and challenges.  This approach has helped them succeed in the midst of a "tight" economy.  This is a key improvement opportunity that we are sharing with other beneficiaries.  Team work does make a difference. As the saying goes - this group, united is standing strong.

Worldwide, we are all a part of this team as we have significantly contributed through our donations to their success.  Their success is our success and we celebrate and thank you for your on-going support.

Share on Twitter Share on Facebook
Catherine at her fish stall
Catherine at her fish stall

Meet Catherine: Catherine is a hardworking mother of one child, who is now in the university. Apart from her only child Catherine also has other mouths to feed. She is responsible for the maintenance of her household.

Catherine is a fishmonger (smoked fish) and has been in this business for over 15 years. She gets her commodity from the fishing communities in the Bo environs. The sale of her business is slow and she makes a profit of about $36 per month, which is not sufficient to expand her business and take care of her home.  Catherine needed microfinance funds to expand and diversify her business to maximise profit, which she can plough back into the business for sustainability as well as being able to take good care of her children.  

Catherine is very grateful to Develop Africa and GlobalGiving for supporting her with microfinance to enhance her business and improve the standard of living of her family.  Through providing micro-credit or micro finance funds, we are together improving the standard of living of families, one family at a time.

 We would also be deeply grateful if you could consider signing up for a recurring donation of $10.00 or more monthly.  This would be a tremendous support as we invest into the lives of these families in Africa. Thanks friends for your on-going support!

Dried fish anyone?
Dried fish anyone?
Catherine receives her microfinance funds
Catherine receives her microfinance funds
Share on Twitter Share on Facebook
Peter Receiving Funds at End of Training
Peter Receiving Funds at End of Training

Warm greetings

We are delighted to be able to share with you a video testimonial from Peter, one of the microfinance beneficiaries that has been impacted by the funds you have provided.  Be sure to click on the link - Video Testimonial - Peter .

Peter explains in the video that because of the training and the growth of his business, he is now able to provide for himself and his family of 5 children.  He says additionally: "Well its really helped me and because of that help I can now teach others on how to run a business."  In other words, the impact of the training that you have helped provide, is being multiplied when he shares his knowledge with other people. During additional training sessions that we have held, Peter has shared his experience and valuable lessons learned with new beneficiaries.  Thanks to you his business continue to grow and each cycle he qualifies for a new, larger loan.

Peter rounds up the video with the following words: "For Develop Africa, Globalgiving and other donor and partners, I do not even know how to begin to express my appreciation.  We appreciate everything their goodness and all they do for us - because they do not know us and yet they have gone to so much trouble to help us.  They have contributed greatly to our success.  They help our children and family as well. I pray God blesses them and their families and continue to provide for them more and more in whatever they do."

Peter could not have sent it better and we echo his appreciation to you, our Globalgiving donors.  We deeply appreciate your past and on-going support - as we plan towards a new session that will take place in February or March.  Please take a few minutes to make a donation today that will help us impact many more lives.  Thanks for your support - and please share this with your friends.

Cordially and best wishes

Peter and other microfinance beneficiaries
Peter and other microfinance beneficiaries

Links:

Share on Twitter Share on Facebook
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
Share on Twitter Share on Facebook
 

About Project Reports

Project Reports on GlobalGiving are posted directly to globalgiving.org by Project Leaders as they are completed, generally every 3-4 months. To protect the integrity of these documents, GlobalGiving does not alter them; therefore you may find some language or formatting issues.

If you donate to this project or have donated to this project, you will get an e-mail when this project posts a report. You can also subscribe for reports via e-mail without donating.

Get Reports via Email

We'll only email you new reports and updates about this project.

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
$20,393 raised of $23,000 goal
 
357 donations
$2,607 to go
Donate Now
lock
Donating through GlobalGiving is safe, secure, and easy with many payment options to choose from. View other ways to donate

Develop Africa, Inc. has earned this recognition on GlobalGiving:

Help raise money!

Support this important cause by creating a personalized fundraising page.

Start a Fundraiser

Learn more about GlobalGiving

Teenage Science Students
Vetting +
Due Diligence

Snorkeler
Our
Impact

Woman Holding a Gift Card
Give
Gift Cards

Young Girl with a Bicycle
GlobalGiving
Guarantee

Sign up for the GlobalGiving Newsletter

WARNING: Javascript is currently disabled or is not available in your browser. GlobalGiving makes extensive use of Javascript and will not function properly with Javascript disabled. Please enable Javascript and refresh this page.