There are now nineteen foster widows/guardians that have received micro loans to start their businesses. These loans have ranged from twenty dollars to two hundred dollars. The project requires the completion of a simple business plan that describes their product, costs, how they will operate, and pay back the loan. To date about 95% of the women have been successful in building their businesses and repaying their loans. Simply using the wisdom given to them by God, from their homes they have developed enterprises, such as, baking/selling African donuts, raising and selling guinea pigs, etc. As a result the women reported that they could now feed all of their families on a regular basis, pay back their loans and have money left. From the women’s faithful repayment of the loans, other women were blessed to receive a business loan.
There remains a two-fold need of this Micro Enterprise program: 1) funds to make this micro enterprise available to more enterprising widows/ potential entrepreneurs, for the goal of changing the face of the community, and 2) to provide a culturally sensitive trainer of business practices to help the women think outside the box and grow their businesses.
Existing: growing gardens, raising guinea pigs, making jewelry, baskets and sewing
Offer more classes with a trainer and materials:
$20 to $1,000