MICROFINANCE
Lifting an entire community out of poverty
In establishing our micro finance scheme we realised the latent ambition and desire for women to lift their families out of poverty. We have been so impressed by the success of this project, by the determination and dedication of these women to succeed in their small businesses - ranging from sales of cereals, fruit and veg, to tailoring, setting up small village shops and cafes, shoe and clothes shops, beauty parlours, butcheries. This highly successful programme follows the evidence based, world renowned Grameen model.
After running for several years, with 2,655 active members, and having made over 3,675 loans, we handed the whole project over to the women to take ownership and develop and manage it without any further input from us. It is now completely sustainable. So, with all these new, small businesses operating is having a very positive impact on the local micro-economy, generating more cash transactions - all part of progress to move out of the fragile subsistence economy. Result!!
King David Microfinance programme
The King David project has 2,166 active members and 557 loans made. Applicants for this scheme, unlike our main Microfinance scheme allow men to apply as well as women. The criteria to join this programme are to have a disability within the family or be considered vulnerable, The savings scheme is also extremely popular, with both loans and savings - enabling financial independence.​
