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Micro-Enterprise Micro-Lending Program- Using much of the philosophy of Nobel Peace Prize winner Muhammad Yunus’ successful micro lending program in Bangladesh, we offer small loans to our members to jumpstart small-scale enterprises, or improve the infrastructure of their home or gardens. Through the low-interests collected, the Association can increase the amount of funds available for this project and provide the service to a greater number of individuals, and help cover our operating costs, as we become increasingly sustainable. Success story: Qachuu Aloom loaned $20.00 to a woman to start making shampoo. She is a single mother, and now sells her shampoo in 2 municipalities. She has developed her own mixtures, and says she has been able to buy meat for her children for the first time in their lives. Having a small amount of start up capital can be instrumental in helping a person out of poverty.
In 2008, we offered eight scholarships. Our goal is to increase this number in the coming years. In exchange for their scholarship, the girls volunteer once a week at the Association, work in their garden, and teach literacy skills to a group of a 10 illiterate women in their communities. Their fields of study include: education, nursing, management, and accounting. |
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