By Kirsten Miner | WMI Fellow
As Spring awakens our spirits and vigor, we thought we would show off some of the beautiful faces of the hard-working businesswomen in the WMI loan program.
As a result of the WMI loan and business training program, these ladies are making between $1,000 – $3,000/year, which is terrific income in a country where school teachers start at $75/month and bank clerks at $200/month! Give a rural African woman a loan with training and she will turn it into a profitable business woman a loan with training and she will turn it into a profitable business!
Over the years, WMI's grassroots approach to providing business skills training and loans has become increasingly important because jobs in the formal economy in East Africa are few and far between. Women and their families are more dependent than ever on creating small enterprises to generate income to meet household needs.
In Uganda, colleges and universities routinely graduate 400,000 young adults annually into an economy generating fewer than 100,000 new jobs each year. In Kenya, estimates are that it takes 5 years for a university graduate to obtain a job. In Tanzania, the graduates who do obtain formal employment rarely do so before the age of 30. The end result is that the vast majority of people still remain employed in the informal sector, with the primary focus on agricultural production.
Traditionally, educated young adults have been reluctant to return to the rural, subsistence farming life-style of their parents. Fortunately, that's one area where WMI is making a critical difference. With a loan and training, women are able to launch and expand businesses that transcend subsistence farming and move on to value-added products, providing essential goods/services to larger businesses.
These businesses can become family enterprises with different family members providing input to help the business grow and prosper, impacting the long-term economic structure of the area.
WMI does not work alone. All of these accomplishments are a team effort. We would like to express our profound gratitude to everyone who helps make the WMI loan program a success, and all the WMI donors who share our vision to combat poverty through empowering women and giving them the skills they need to support their families.
Thank you so much for your loyal and ongoing support!
By Kirsten Miner | WMI Fellow
By Jessica LIttman | WMI Fellow - Tanzania
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 recieve an email when this project posts a report. You can also subscribe for reports without donating.
Support this important cause by creating a personalized fundraising page.
Start a Fundraiser