Loans
Kibaale Community Center makes small loans available for the projects aimed at
establishing viable businesses to provide a source of income for families. Funds are only
made available to widows and usually to small groups of women. Loans are usually in the
range of $50 - $250 and must be repaid within the year. A small amount of interest
is charged. The program has been very successful and the repayment rate is running above
95%.
Projects funded include:
Equipping of a small restaurant
Planting of cash crops, usually coffee or vegetables
Purchase of chickens or goats for breeding and sale
Capital for a fish purchasing - resale business
Purchasing a sewing machine to start a dressmaking operation
An example of a success story is the group of four widows who initially borrowed $50 to plant a plot of tomatoes to sell at the local markets. The loan was repaid in a few months. They then borrowed $150 to expand the crop and purchase baskets for display. This amount was also paid back in five months. Their third loan was for $200 to allow them to grow other vegetables. This has been paid back and the lives of four families have been greatly improved.
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