|Published by Jenny Duncan on Thu, 28 Nov 2019 12:18|
ANGLICAN INTERNATIONAL DEVELOPMENT - MANNA MICROFINANCE
Women are burdened with the responsibility of finding work, but often jobs do not pay enough for food, clothing and schooling for their family. Banking institutions practically do not exist for them and informal lenders charge extortionate rates.
MM is run in a ‘self-help’ group style where women are invited to join via local churches. They must attend for 8 weeks where they receive skills training and by making weekly savings, they are then eligible to apply for a low interest loan. The loan and skills are used to begin or develop a business, they must also repay the loan and contribute to savings. The group offers help and provides stability in areas of conflict.