Sowing Seeds of Tumaini has been training rural women on the best farming practices to boost their production and quality of their produce. The organization has trained women in five villages in Ngogwe sub-county, Buikwe district. However, access to credit facilities for these women has been a challenge to improving their lives and family's lives. Sosetu will set up a microfinance system where women can borrow for as low as $50 for an individual, and up to $1000 for a group of ten women
The biggest challenge for these budding agripreneurs is, they lack collateral, and most finance institutions won't lend to them. With funding, Sosetu can invest in these agricultural ventures, and empower these women in Ngogwe sub-county. The women will be able to borrow and start their very own business ventures, either as individuals or as a group, so that they can improve their standard of living, overall, but especially by eating healthily which will impact the health of their families
Sosetu will work with a team of four lawyers, two financial experts and two socio-entrepreneurs who will train these women on starting profitmaking businesses, book-keeping, tracking expenses, drafting of contracts and their financial literacy rights. The women will borrow from as low as $25, collateral free, and build their financial credibility. In addition, Sosetu, in collaboration with Hamwe, is working on an application that these women can use to start and record their progress.
Rural women contribute 80% of the labour force in agriculture. However, despite their commitment and hard work, they don't own land or profit from any of the crops they grow. This is because they lack capital to buy quality seeds or rear the best breeds of animals. Through the Sosetu initiative and working along with the experts, these women will improve their standard of living, increase the number of children attending school, start investments project within their communities.
