Income Generating Activities - Help Develop Criteria for a Micro-loan Program
One of the strategies put forward by the community to address the long-term support of the children, is providing opportunities for income-generating activities. Through skills training and business management, as well as the provision of one-time loans, we wish to help the community and the children be able to provide for themselves long-term.
In addition, funds set aside from the IGA will be used to purchase goats, which will provide milk for the family.
In this first step, we would like to gather input for the community to make decisions in the following areas:
1. Developing criteria for the selection of participants in an Micro-loan project
2. Developing criteria for assessing and selecting business types and/or ideas
3. Developing loan terms and repayment terms
4. Develop terms of continued participation in the Micro-loan project
The task has been previously started with some discussion - but we would like to focus it more on the above 4 areas.
If you have experience with micro-loan projects or can refer us to sources, please help post!
The information will be compiled and provided to the community to help them guide their decisions.