UK Registered Charity No: 1087744

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Jun 2011

Micro Credit

So far a fund of nearly £2000 has been loaned to seven women's cooperatives with a further £3000 awaiting distribution. Activities undertaken by women to date include cloth dying and preparation of cooked foods for market as well as buying and selling clothes and foodstuffs such as cooking oil, smoked fish, vegetables and sugar. Repayment of the two-year loans stand around 50% after twelve months. It is early days with this scheme, but it has been seen how very important is the motivation and training element of the project in engaging and encouraging women to go out and earn some money for themselves and their families.

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