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