Microfinance

How Will the Intervention Help?

  • There is no health in absolute poverty
  • There are essentially no employment options locally
  • There is very little money or resources locally
  • Methods must be found to bring more money into the area
  • As small businesses grow, local entrepreneurs will employ local people

Required Materials

  • Motivated and responsible local people
  • Money
  • In other projects, women have been shown to be most successful compared to men

Building Process

  • Identify local people with sound business plans
  • Educate applicants about loans and repayment
  • Use loan repayment to re-invest in other projects

Total Monetary Cost

  • Variable

Current Micro-Finance Projects Being Considered

  • Bread bakery – funded after initial bread production demonstrated $7 profit for three hours of work by two women
  • Egg production – a group of women are interested in producing eggs locally and have been asked to submit a proposal
  • Fish farm – This project is just being explored and knowledge gained

micro-oven