By Patrik Nilsson | Volunteer
Background
Since 2011, Action10, with the help of Human Rights & Science (HR&S), has been engaging and empowering marginalized people in Kenya's remote villages through the table banking model, which improves access to investment capital. This ensures that people, especially the poor, participate in economic activities that benefit both the person and society. As a result, these individuals are better equipped to combat poverty, maintain financial stability, and run profitable businesses.
Project update
Members of the table banking group pointed to various advantages with the project in that all the money belongs to the group, members savings are not taken away but instead used for loaning. This has led to an increasing pool of money. Amani women members has grown rapidly and members have started borrowing and utilizing money from the kitty. One member indicated she had borrowed and used the loan to do crop farming. “I bought seeds and fertilizer, planted and got profit out of the produce”. Two members indicated to have used the loan to buy land. Another member indicated to have used the loan to build his own house. “I was renting a house but now I live in my own house”. However, no one had used the loan to develop or start any type of business. Hence, even though the capital invested has contributed to a lot of positive outcomes, there are challenges we have to keep on working on together with our partners to make sure that the donations will have an even higher impact in the future.
Thank you!
Links:
Project reports on GlobalGiving are posted directly to globalgiving.org by Project Leaders as they are completed, generally every 3-4 months. To protect the integrity of these documents, GlobalGiving does not alter them; therefore you may find some language or formatting issues.
If you donate to this project or have donated to this project, you can receive an email when this project posts a report. You can also subscribe for reports without donating.
