To provide long-term loans to expand dairy, beehives, poultry, and passion plantations
- Our Work
Income Generation helps to empower the poor, mostly women, with the opportunity to start and grow income generation opportunities and to encourage savings for the betterment of themselves and their families. A group of women (not more than 20) come together and each put a set amount (500kshs – $6.25US) of money literally on a table. Also provides the option to save for education through an additional deposit. This pool of money is available to be lent to some of the group members to start or grow their business. The group determines the amount of loan a member receives, sets the repayment terms and interest rate. One group member will provide a guarantee on the loan. The net profit generated by the interest on the loans, less an administration fee, is distributed to the members of the group. Several groups can join together and create a central oversight and administration agency. The central agency will: Conduct outreach and promotion to create more groups, Conduct training and sharing of ideas for group members, Monitor loan appraisals, applications, approvals, disbursement, repayments and manage the revolving fund, Keep records of each group’s operations and prepare operating reports. In some ways it has similar characteristics and principles as a credit union. This in turn provides the opportunity for thousands of hard working families to generate an income.