Dear Friends of African Women Rising, For the last 10 days, the team and I…
Micro-financing: “Because You Don’t Need to Ask Everything from a Man”
At the end of War people are left with nothing. War destroys physical assets, the ability to earn an income and the capacity to save money. Starting from scratch is a long road to financial security.
Our Microfinance Program is the first step. Based on proven Village Savings and Loan methodology, African Women Rising’s approach is based on savings, basic business skills, and access to capital. African Women Rising achieves this through rigorous capacity building and mentorship. The training classes focus on basic business knowledge and accounting to provide women with the tools to be successful. The viability of African Women Rising’s model lies in its use of community mobilizers who provide technical support and mentoring for each group over a three year period.
Here are a few success stories:
Kevin has a business selling bicycle parts and petrol. She started her business with help from African Women Rising’s Microfinance Program, it supports her six children, two who are orphans in her care.
Delivery of materials to our first youth business. After a year of literacy and vocational training these three young women are starting a hair salon. African Women Rising is helping with a startup kit.
We are thankful for your continued support and trust in us.
Linda and the entire African Women Rising team