Recently, several representatives of WE had an opportunity to meet with Jackson Kaguri, the extraordinary individual whose efforts led to the establishment of the Nyaka Grannies Project in southwest Uganda. In 2014, WE contributed $25,000 to the project, committing to an additional $32,000 for 2015. The project provides access to credit to some 7000 grannies caring for 43,000 grandchildren orphaned as a result of AIDS.
Microfinance programs offer poor people access to basic financial services, such as micro-loans, savings, training and micro-insurance, and is widely recognized as a just and sustainable solution to alleviating global poverty. Small loans - often less than $100 - are provided to poor women to start or expand businesses. Unlike commercial loans, no collateral is required. Instead, women borrowers form into groups, with each member guaranteeing the other members' loans.
Women's Empowerment (WE) is proud to announce a new partnership providing business loans to vulnerable women in Tijuana to help them start new businesses, through Via International, a service organization based in San Diego and dedicated to building "paths to self-reliance for an interdependent world." Via has successfully helped address community needs since 1975.
Stidia Tumubwine, 54, lives in the village of Kazirakyende in southwest Uganda, along with her three grandchildren.
Two of the children, now ages eight and ten, came to live with her three years ago after Stidia’s daughter separated from their father. The third child, nine-year-old Martin, is a double orphan, the offspring of Stidia’s late son. His mother abandoned him at his grandmother’s home and later died.Read more...