Microfinance for Women

When women no longer have to walk miles to get water, 50% of their time is freed up. After critical education and training, their time can be used for income-generating work that allows them to help support their families.

 

This is an integral part of our work. Wherever we drill a well, we establish a microfinance education program for women. We are the only U.S.-based safe water cause that does this.

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Education

Women need to learn basic business skills as many have never handled money before. They form savings groups of about 25 women and attend regular training sessions led by a skilled facilitator. Each woman contributes a small amount of money to the pool, which is then loaned to individual members.

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Practice

Since they are practicing with their pooled resources, women feel a strong sense of responsibility to pay back the loan. Most already have a marketable skill such as making millet cakes, peanut oil, or soap or raising chickens and goats. Thanks to the drip-farming techniques we teach, they can also grow vegetables and sell them in the local market.

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Implementation

Within 6 months, each woman has had the opportunity to launch her own small business. Through the ongoing cycles of lending and borrowing, the women continue to grow their businesses. As a result, the women feel a strong sense of accomplishment and pride.

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Transformation

As these women expand their businesses and repay their loans, they don’t just improve the economic circumstances of their families, they help to transform lives throughout their entire village. They become role models for their daughters who want to experience the same success. Most of all, they have hope for their future.

Empowered Women

How Microfinance Changes Lives

Fatima Talks About Savings Groups

Contact

E: kate@wellsbringhope.org

P: 802.233.6254

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