Alice Monje’s loan bought chicks and now she runs a thriving chicken business with the help of her entire family. Allen Namerome’s loan started a bean and grain trading business; profits allowed her to buy cows and other livestock that vastly improve her family’s nutrition. Joy Nangalama started a fish business with her loan and switched to selling beer, to operating a motorcycle taxi, to leasing out a chain saw to stay profitable and one step ahead of the competition.
These women all benefitted from loans provided by WMI, the US-based Women’s Microfinance Initiative. This wonderful organization provides loans to impoverished women in rural East Africa, giving them the opportunity to start their own businesses. With the revenues generated from these micro-enterprises, the women are able to raise the standard of living for their families and helping to make their futures more secure. As of January 2016, WMI had issued 25,000 loans totaling $3.5 million to women in more than 1,000 villages in Uganda, Kenya and Tanzania.
For more information go to: http://wmionline.org
Wrap and Soul has been supporting the U.S.-based organization WMI (Women’s Microfinance Initiative) since the last quarter of 2016. WRAP AND SOUL GIVE-BACK PROJECT! When customers purchase ** Five African Waist Beads On Special Sale For $25 ** a portion of the payment – 15 percent – will be donated to the US-based Women’s Microfinance Initiative.
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