If we are to achieve UN Millennium Development Goals (MDGs) to end poverty, then we must actively empower women as one of the main actors to addressing the inequalities, especially in the developing countries. The majority of 2 billion poor people around the global are women. They are financially excluded lacking access to basic affordable financial services leaving them marginalised with dire consequences. Therefore, it is imperative to do something about it and the most single cost-effective tool is ECONOMIC EMPOWERMENT.
We empower women and the youth with micro-finance to start their own small businesses to help them earn an income and ultimately reduce poverty. We provide small loans at nil interest. In addition, we provide ongoing technical support to ensure their businesses succeed.
We have achieved excellent results, over 2,500 women and youth have been lifted out of absolute poverty. The loan repayment rate is good too, currently at 99%. This has allowed us to recycle our loans to support other vulnerable women in the communities.
We are tackling the most difficult poverty issues whilst operating on a small budget which requires us to think and act unconventionally. To be able to make a bigger impact, we work directly with groups of women in their communities to help them develop their own business ideas. They usually operate small scale projects which are cost-effective, less labour intensive, requiring small investment and highly profitable.
These are the examples of projects we have funded which includes poultry, goat farming, fruit and food farming, baking, tailoring, small shop merchandise, basket making to mention but a few. Some of these projects have been very successful lifting a large number of women and youth out of poverty cycle. Therefore, we have decided to scale up to help more people . Please find out more below.
We have supported women in Hoima district Uganda with small capital and technical support to start poultry farming businesses. This project has been successful with over 1,500 women beneficiaries running their businesses and 99% have been able to repay our loans and the money recycled to support other women in the communities.
By providing women with small capital to buy seeds, they have the chance to grow their own food and feed their families.
This project has been successful, giving women the opportunity to sell surplus food in the markets to earn an income. This means they can afford to pay for their children's school fees and medical care. This project has benefited over 800 women in Luweero Uganda.
We support women and youth in their communities to start goat/cow rearing. It gives them the chance to get out of poverty with relatively low investment. More than 1,025 women and youth have benefited from small capital at zero interest.
This project is making a real difference. So far, all our loans have been repaid and recycled to support other families in the communities.
Joan a single mother trying to make ends meet in Uganda selling food stuffs and vegetables from her small garden. Joan also buys food stuffs from other farmers to sell it on for a profit.
Due to lack of capital Joan is having to operate in a small Kiosk on the roadside. It is very hard to survive in this situation, she has no place to store her food merchandise over night and it gets stolen almost every week which leaves her with nothing and has to start again from Zero. In addition, she has no refrigerator to preserve her vegetables in order to last longer. This means all will be wasted and therefore making a loss.
We met Joan at her small kiosk, she narrated to us her life and business story. We were impressed by Joan's resilience and determination to succeed regardless of the daily handles she faces. We asked Joan if there was one thing one could do to help turn her situation around? The answer was CAPITAL, ONLY £200!
Joan illustrated that with only £200 which is equivalent to 800,000 Uganda shillings would help expand her food business and build a secure permanent kiosk . With food and vegetables in high demand, Joan has calculated that £200 investment would make £50 profit per month and be able to pay off her loan in only four months period.
Joan further illustrated that she would earn £3,000 plus her loan paid-off in under 12 months. At this point, Joan will be financially empowered able to fully support her family, pay school fees for her child and break the poverty cycle. We are convinced this is a viable project worth supporting. Please we are asking to support Joan to day. Any small amount will make a difference to Joan and other women in their community. Thank you xx.
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