By Kevin Okumu, Jamie Stuart, Ella Simmons | Hope Center Uganda
As we enter the holiday season, giving thanks for what and who we have around us, Hope Center Uganda is excited to announce that on Tuesday, December 3rd, all donations made via GlobalGiving will be eligible for matching funds from corporate partners!
This is a perfect time for year-end donations, to provide people around the world with the same joy that we hope you all feel during this festive season. Furthermore, all donations made via GlobalGiving are tax-deductible, so it’s the perfect time to make sure your donations have maximum impact!
The GlobalGiving project we are currently fundraising for is our Uplift program. This program helps female business leaders, mostly heads of household and/or single mothers with access to small loans, business training, and support groups. The loans range between $20-100 and so far, we have had a 100% payback rate from our women. When the loans are paid back, the entreprenuers pay it with a 15% interest rate. This money is split between covering operational costs of the program and being added to the loan pool, so we can continue to increase the number of people we can provide loans for.
This is the model that will lead HCU to sustainability, and we would love for you to be a part of our journey towards that goal!
By Jamie Stuart, Ella Simmons & Kevin Okumu | Co-Founders, Hope Center Uganda
We're so excited that the Hope Center is fully operational and is supporting youth with a wide range of programming: from public health to DJing, social responsibility to computer science, English to breakdancing. We also are supporting the families of our students, often single mothers, with microfinance loans and business training programs to help them start and grow their small businesses, ultimately strengthening the economy and reducing poverty across the entire community.
To learn more about our Uplift microfinance program, check out the special new website https://www.uplifthcu.com/, where you can 'meet' the inspiring female business leaders who are a part of this program.
From now on, we will drive donations towards Uplift, as every donation that goes through the Uplift microfinance loan system exponentially increases with time. As each woman pays back her loan with a nominal interest rate, that interest rate ensures we can use the money to reach even more women with the next loan cycle. We're so excited to see what this growth brings for the community and Hope Center Uganda itself.
Last week, TeamHCU was involved in a car accident while driving to do a reproductive health workshop in a remote village. A truck swerved into us from oncoming traffic: fortunately, everyone in our team is still safe, healthy, and uninjured: unfortunately, the damages to repair the car are around $3,000 USD, and we're asking that anyone who is in a position to donate could give what they can to help us with these unforseen costs. If we don't come up with the funds we need for these repairs, we will be forced to make dramatic cuts to other programs, which will cause many people to go without crucial services like education, sanitary pad access, and entreprenuership loans.
The "Hope-Mobile" as we like to call her, is vital to HCU's work. Having a sturdy vehicle that can travel long distances to remote villages allows us to ensure that we can provide thousands of beneficiaries with education and access to services like reproductive health workshops and materials, microfinance loans and business training sessions, and sensitization to issues like gender-based violence and children's rights to education.
We want to ensure that all of the donations will go directly to the repair cost of the vehicle. The cost breakdown of the car repairs are outlined below:
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