Microfinance Programme for Women
It is very important for the long term future of people in poverty that they find a sustainable way to increase their income. Very poor people cannot borrow money from a bank. The Way Foundations micro-enterprise solution provides small interest free and or minimal interest loans to enable them to purchase something that will increase their income.
Basic learning & business skills are taught such as saving and basic accounting before receiving any loans. Loans are paid back over a 12 month period. Loans are taken out to buy livestock or a sewing machine, or a deep fryer on a cart, thus establishing a small business.