The following is an excerpt from a report received from Plan Canada on the project for which we are currently raising money:

“This five-year project is mid-way through its second year of implementation. During the first year, communities and local partners learned about the project’s goals and the importance of child rights and gender equality. The project could not be successful or sustainable if those impacted did not understand the objectives and willingly work with local staff to make them possible.

Building on this solid foundation of community support, microfinance activities and vocational training have begun. Here’s what has happened thus far:

Moving forward with microfinance

In Village Savings and Loan Associations (VSLA), members of a group contribute to a fund that is used to lend money within the group at low-interest rates. Members use these loans to start small businesses or acquire vocational skills so they can increase their income and better support their families. Members meet regularly to repay their loans and balance the group fund, holding each other accountable and supporting each other’s financial management.

This is often the first time community members have the opportunity to borrow and save money, therefore they might be skeptical of the process or their ability to earn enough to pay back loans. Local leaders are therefore trained on the VSLA process and they encourage community members to join groups by explaining the benefits of VSLAs and the likelihood of success. Once they have joined groups and begin realizing results, some members motivate their neighbours to participate, alleviating any cultural mistrusts or doubts.”

So far 109 Village Savings and Loan programs have been established with a total of 1,761 people participating. Groups have saved a total of $17,198 (In Canadian $) and borrowed $26,281 Cdn.

Vocational training has also been started. According to the report, “More than 300 youth registered at a training centre in Dar Es Salaam, and 220 registered at a centre in Mwanza. Since these numbers are far higher than each centre’s capacity, the students have been separated into two groups, with one starting after the other has completed the program.”

Remember the Canadian federal government is contributing $3 for every $1 we raise. You can help by clicking on “DONATE” to the right or by attending one of our events listed on the EVENTS page.