Poor women in particular benefit from microfinance services. Women’s status, both in their homes and in their communities, is elevated when they are responsible for managing loans and savings. The ability to generate and control their own income can further empower poor...Read More
Poor families with access to financial services are more likely to send their children to school, and the children stay in school longer. Right Sharing of World Resources (RSWR) is a program of the Religious Society of Friends (Quakers) supporting grassroots projects for...Read More
Studies of the impact of microcredit in more than 24 countries found dramatic improvements in household income levels. The studies found that access to microcredit allowed the borrower to increase the number of goods or services sold and reduce the costs of supplies and raw...Read More
The empirical evidence is clear: those working poor who participated in micro credit programs with access to financial services were able to advance their personal and family standard of living, much more than those who did not have access to micro credit. Right Sharing of...Read More
Many women members of microfinance groups no longer believe they should be dependent or that they should remain confined to the home. They are more likely to send their daughters to school. Through their involvement in microfinance, many women become leaders, instigating change...Read More
Many qualitative and quantitative studies have documented how access to financial services has improved the status of women within the family and the community. Women have become more assertive and confident. In regions where women’s mobility is strictly regulated, women...Read More
Microfinance has drawn millions of women into commercial economic activities for the first time, enabling them to take advantage of new opportunities and develop new roles as cash income earners and economically active members of the community. The impact of microfinance...Read More
Self help group (SHGs) formed in rural India operate on the principles of mutual trust, co-operation and interdependence. Membership is offered to women living in poverty who “fall through the cracks” when it comes to accessing traditional loans in order to finance...Read More
Microfinance has drawn millions of women into commercial economic activities for the first time, enabling them to take advantage of new opportunities and develop new roles as cash income earners and economically active members of the community. The impact of microfinance on...Read More
Right Sharing of World Resources is a Quaker micro-credit organization that supports grassroots income-generating projects in developing countries, led by women, many of whom are making less than a dollar a day.
When you meet Siobhan Walshe from Eustace Street Friends Meeting in Dublin, Ireland, the first thing you notice is that she radiates joyful energy. Siobhan and her small Quaker meeting of approximately 30 members have raised funds to sponsor four Right Sharing of World Resources projects. It all started when Siobhan traveled to Kenya in 2012 for the 6th World Conference of Friends. There she went on a field trip to visit the local Right Sharing projects. Siobhan says: “We met 12 groups in total and visited 30 individual businesses … ranging from selling bundles of firewood, cereals and vegetables, mushroom farming, raising poultry or livestock, to dressmaking, knitting, or banana fiber handcraft. Everywhere we were greeted with heart-warming welcomes and great hospitality.
Lokirimo friends Women Group, which is located in the remote Turkana region of Kenya, received their funds in July 2015. Lokirimo Friends Women Group decided to start something to sustain themselves for a longer time. Shown above are some members of the group in front of a rental house their group is building.
Elizabeth has a 5th grade education. She had been losing money selling charcoal. With her RSWR grant she began a business selling used clothing. Once a month, she travels 7 hours one way by bus to the nearest “big” city to buy clothing in bulk. She resells it for almost twice the cost in her sidewalk stall in Lodwar. Elizabeth has a husband and a 2-year-old. In the monthly meetings of her women’s group she is learning to manage her business finances, save regularly and use the bank.
Avakali Vo Vulavu Women Group received a grant in July 2014. Mama Rose (right) sells handmade soda ash filters in her stall along
with dried fish, beans and other household items.
Matioli friends Women Group received their RSWR grant in January 2013. Jen (above) was unable to send her 6 children to school because of required school fees. Then, as a member of the Matioli Women’s Group, she received a micro-loan to start a business selling charcoal, vegetables and fingerling fish. Her husband is a farmer, so she will sell his vegetables when they are harvested. Now she buys a few onions and tomatoes to attract buyers. Her additional income is enough to send all her children to school.
Mugunga friends Women Group also received their RSWR grant in January 2013. Here the women are working in their community garden in April 2014.