Empowering women economically


November 27th, 2016

As one of the activities of the low smoke stove project we established twenty saving and loan committees in El Fasher town to spread the concept of saving among women’s groups. The hope is to empower women and also to contribute to improving women’s lives.

Economic empowermentMost of our beneficiaries are poor women, the majority did not complete their education and have little or no income. Most of women are small traders in vegetables or handcrafts.  However for those making local perfume, and food processing, their capital is too small to expand their trade to increase their profit.

We introduced the idea of savings and loans to help women to overcome these economic barriers.  These committees are not new but we are trying to introduce a model of savings and loans that help the women to be more organized, to have a good understanding of the concept and the ability to take on and manage the loan.

Many women now are very happy following their involvement in savings and loan committees, Some started income generating activities that help to pay school fees for their children.  In addition they are making social relationships among women’s groups which will help them exchange ideas and share knowledge.

Furthermore women groups have been able to provide equipment based on women’s needs. They pay in advance to acquire LPG stoves and thereafter in monthly installments.  In some cases some women cannot afford to pay the advance, so the saving committee lend them money to pay this.

We found among the saving and loan committees’ women headed the household and took all home responsibilities.  This group of women needs support to build their capacity in managing a revolving fund and to build managerial skills. This will help encourage the women to start investing and to take a loan from the committees and as well as giving them access to financial institutions.  As the saving model has been successful, other women have been persuaded to copy the idea.

 

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