Thursday, December 13, 2012

RUDEC WOMEN MICRO FINANCE PROJECT

Frida benefits from the micro loan by RUDEC
RUDEC Cameroon is working with women in the rural areas of Cameroon to help them seek means to empower themselves through projects. The feasibility studies done some one year ago showed that women do have access to credit as compared to their men.

We had to start a micro credit project that we give hopes to women loans and they pay back after two month. Each woman gets 20,000 CFA and on the first instalment, no interest is paid.The second time of payment  she pays 800CFA and the interest reduces as the amounts reduces.

Today Clementina and Emmaculate benefited from the loan project in one go. We want to thank rudec for the good work they are doing for the development of the woman and child 

Further more, at the beginning, we had 5 women who benefited and today we have given it to the 10th person. This is also an indication that the women borrow and pay back easily.

Many more women are out here would love to have the means to start a small business and take care of their children but we do not have the means to reach out to them.

Today Clementina and Emmaculate benefited from the loan project in one go.

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