We R uS: Wisconsin Microfinance’s Associate in Ghana
August 23, 2022
Wisconsin Microfinance is extraordinarily excited to work with We R uS, a non-profit devoted to creating dynamic, sustainable rural communities in Ghana. Created to help financial improvement in rural, conventional Ghanaian communities, they’re a super companion. By working on the grassroots stage in a neighborhood, We R uS goals to match their help to the person wants of a neighborhood.
One of many primary priorities of We R uS is financial/neighborhood improvement. By tailoring their method to particular person communities and dealing with neighborhood leaders, We R uS protects the tradition and heritage of a neighborhood. This group helps planning, organizing, and enterprise neighborhood initiatives that profit the individuals and enhance the economic system.
We are going to work with We R uS in the neighborhood of Goma Assin Mampong, which is positioned within the central area of Ghana, about 30 miles from Accra.The neighborhood is an agricultural neighborhood, with 75% of the inhabitants engaged in rising crops or elevating animals. Crops embody rice, maize, pawpaw, cabbage, pepper, yams and cassava. Livestock consists of primarily poultry, pigs and a few sheep and goats.
The neighborhood is small, excellent for piloting a microfinance program in Ghana. 60% of the inhabitants is feminine, making our deal with empowering feminine entrepreneurs a pure match. We count on the primary loans to be made in late 2022, and we’ll once more use our lending group mannequin. With this mannequin, 6 – 8 members of a lending group all obtain a mortgage on the similar time, and no member of the group can take out a subsequent mortgage till all members of the group have paid again their first mortgage. This creates each peer strain and peer help, and has been one of many secrets and techniques of our success.
A scarcity of federal curiosity in rural communities has led to worsened situations in rural Ghana. However organizations like We R uS are dedicated to addressing financial disparity between the cities and the nation by offering healthcare, enhancements to productiveness, and, now, microloans to aspiring entrepreneurs. We’re very happy to be working with a companion with intensive expertise in native financial improvement. To donate or be taught extra immediately, go to https://wisconsinmicrofinance.com.