It all started with an idea shared by 35 women. Since then, through your generous donations and the efforts of others like you, WE will have funded well over 15,000 small business loans for deserving women in Honduras, Mexico, Benin and Ghana. In addition, San Diego’s poor women have been able to start or strengthen over 200 businesses.
Heart and Home
At age 23, Solber had a strong desire to grow her business so she could improve her family’s living situation. Married with one little girl, Solber received a loan from WE’s partner in Honduras, the Adelante Foundation, to put up a small store in the front of her house and sell basic items to neighbors.
In just three loan cycles, her loans grew from $214 to $428, doubling her investment power. With her profits, she plastered the interior of her simple one-bedroom home and installed new roofing. Solber also hopes to cement her dirt floor and improve her kitchen, which is enclosed by metal sheeting and palm branches.
MEET AN ENTREPRENEUR
An Entrepreneur Creates Opportunities
Mary Dede Tetteh took her first loan for $47 from WomensTrust – WE’s partner bank for the poor in Ghana - in March 2011. For the past 12 years, she has sold fish, vegetables and charcoal in front of her house and distributed maize to retailers in her community of Pokuase, near Accra, Ghana’s capital.
Dede, 40, also works at the nearby quarry, manually crushing rocks into stones to be used in construction. With her loan, she paid for a small concession in the quarry so she can also work as a supplier to clients in the construction industry. She hires laborers to do the rock crushing, while she focuses on marketing and supplying her clients.
If she has an order for stones, her day starts at 4:30 a.m. and she usually leaves the quarry at about 5 p.m. Dede has six children whom she supports with the proceeds of her business.