Projects
In Africa: Women in Need
SIERRA LEONE- $4,000
Various Income Generating Projects
Project Director - Alhassan D. Turay
Forty poor rural women from Mile 91 will receive funds to expand their respective enterprises; vegetable and fruit sales, red palm oil sales, fish sales, broom sales, firewood sales, petty shops, and street vending. Women in Need will establish a three-person credit committee, organize a workshop on micro-credit and small-scale business management, supervise the beneficiaries with their projects; collaborate with local groups with the same objectives to promote project activities, organize reflection meetings with the beneficiaries to share experiences gained; monitor and evaluate the project and report to the donor as required.
Each woman will receive a loan of $65 with monthly interest of 5%. Loans and interest due are repaid at the end of the sixth month to the credit committee. It is expected that every woman will be able to have monthly sales of $270. $70 per month will pay the loan and interest. $100 will be used for expansion, reinvestment and sustainability of her project. Each woman will earn a net of $100 per month.
Project Completed: December 31, 2008
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