Update on what has been happening with my women.
Am sorry i have not written ina while, i have been busy with a new project and finally we are got it running.
We started a mini microfinance project for the women. ( it works like a cooperative savings and laoning prorgam) This is a grassroot project. we had earliaer arranged training for the women by a microfinance instituiton but they were scared by the collateral and the english(most of the are illitrate) , they were alsoscared by the interest rate that is very high , and so we had to come up with some other way to develop them with their full partcipation.
We had a partnership with a swedish organisation and the government of Uganda and they have a project called co-save. This is a grassroot banking system, you do not need a building to get it running, you just need a small box, 3 bags, loan and saving books, and stamp and a constituion that helps in spelling the rules and how the co-save will oeprate.
Each member is supposed to buy shares 1-5 and then they are supposed to pay emergency fee( this is needed incase a problem arises) There is an interest rate of just 1% . Each time the women meet , they buy shares (these are recorded in their loan books) , they put in their request to get loans ( which they have done already and there is no money int he box now) and they alos pay back loans. There is no collateral but your neighbour makes sure you pay the money and a cycleis one year , after it is finished you get some of your savings.
This is a cool way to develop , they are eager to get loans that are ata low interest rate that they can afford and they do not have bank officals coming to them but fellow women who they know. Theya re happy with this and i have a group of 80 women in this.