ACT WOMEN FOUNDATION UGANDA WOMEN MICRO-FINANCE

In its simplest form, microfinance provides basic financial services, such as credit and deposit-taking, on a very small scale, to historically marginalized populations that do not meet the criteria to do business with conventional banking institutions. This covers people whose lack of access to collateral means they cannot qualify for credit, and includes the world's poor, who number over100 and who live on less than $1.25 per day. Microfinance encourages economic stability through income generation rather than subsidies. There will never be enough charitable outreach to solve the problem of world poverty. Charity alone can not address the crisis of the chronic poor. By providing credit to start small businesses, microfinance is empowering the poor to raise themselves out of the cycle of poverty. Microfinance initiatives are changing the face of poverty one borrower at a time. OUR ROLES INCLUDES 1. Microfinance helps very poor households meet basic needs and protect against risks. 2. The use of financial services by low-income households is associated with improvements in household economic welfare and enterprise stability or growth 3. By supporting women's economic participation, microfinance helps to empower women, thus promoting gender-equity and improving household well-being." Microfinance is a long-term investment in human potential that has the power to generate long-term economic returns while simultaneously improving grassroots political and social involvement. 5. To promote finance inclussions ,Mobile money ,culture of saving among rural women and agent banking Targe Group:100 women and girls Loan programs Solid Track Record of Performance Over a decade of operating history with a 98% repayment rate. Managed By and For Rural Women All income from the loan program is retained by the women's groups and recycled into new loans. Inspiring Community Projects Loan program income covers all local operating costs. Excess income is used to provide village-level outreach. Loan Hubs are Self-Sustaining Loan hubs are self-sustaining after initial funding. They can continue operating in perpetuity as long as the loans are repaid Solidarity Groups Our twenty-member loan solidarity groups use social capital as collateral to foster loan repayment. Peer-to-Peer Knowledge Transfer Borrowers learn WMI's important lessons for success in their own language through lectures, songs, skits and role-playing. for more information contact :actkaseseu@gmail.com