We enable the poorest and most vulnerable people to work their own way out of poverty by providing microloans to women. We help them to save, and to build independence and financial resilience.
By providing our women with the skills and tools to start small businesses we support them to become self-sufficient for their daily needs. As a result, over time the money they generate from their own efforts helps to provide food security, better housing, access to healthcare, and an education for their children.
We encourage the women to make modest savings. This is to provide insurance against future crop failure, family illness and other unpredictable situations. Consequently this gives them confidence in their ability to weather whatever life throws at them.
- Our Loan and Training Officers (LTOs) travel on motorbikes to rural areas to meet with community leaders.
- They identify the women who are most in need and have the potential to run a business.
- These women then form groups (around 15 members). They attend eight training sessions to learn about business principles, like how to budget and make a modest profit.
- The women in the groups receive their loans. We help them to open a bank account where they can put their savings.
- The women start trading in their new businesses. These might include selling vegetables, trading second hand clothes, or making tea and fritters.
- Every two weeks the groups have training and pay back their loans in small installments.
- After four months (on average) the women have repaid their loans and are earning a regular income. As a result they can then apply for another loan to help grow their business.
- With up to 99% of loans repaid, we use the money to help more even women start a business. Therefore, a small investment goes on working time and time again.