Microloans are one of the most appreciated and useful tools of international cooperation for development. 95% of the credits is returned.

700 Micro-Credits for 700 widows

 

People involved with KIRABO consider we need to teach “how to catch the fish” rather than presenting it cooked.

 

Apart from a change in attitude from the governing administrations in countries under development this is the only way people can prosper and become economically independent. It’s important to stimulate the mind, develop capacities and give opportunities to local entrepreneurs to start a small business.

 

We also believe in the strength of African women and their capacity of working hard and wanting change to happen. In Boyo, as in Cameroon and many other sub-Saharan countries, associations run by women are all over. Together they take action and team work in order to generate income via different small business projects in order to be able and send their kids to school, pay for the medical bills and creating a social network helping each other when, and where, needed.

 

Large part of the first funds we received in 2008 went to different lady groups through Berudep.  

 

Main businesses: bulk buying and retails sales, manufacturing and sales of soap, manufacturing and sales of canned veggies and similar.

 

Each lady will get a MC amounting to EUR 33,- (as they work in groups this will mean around EUR 250,- / 700,- per group). The project is ongoing, nevertheless, every year interests will need to be paid.

 

So far we have been able to give out grants for 6 groups, thanks to former volunteer Scott and his friends and the guys from Espartanos in Spain. Thanks to our benefit party and other donations we presently have funds for 254 micro-credits. We are busy finding the resting EUR + 14.718,- + transfer costs  (donations are welcome).