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RAINS Supports Kanvili Women Group with Micro-credit.

RAINS have been working with women groups, young girls, and school leavers for the past 10 years. It has supported a number of women groups in over 40 villages using micro-credit and literacy as tools for empowerment with the aim to contribute towards poverty reduction among women in Northern Ghana.

Through a project dubbed Lebgimsim Sopala (LSP) - New pathways for enhancing financial literacy and access to credit for young people were explored and supported by Tzedek: The project adopts innovative approaches of engaging these young women who hold enormous and untapped potential for changing the social and economic future of their families and communities. This project makes a departure from traditional micro financing practices by ensuring that young people are effectively targeted and given appropriate support so that they can gain the skills needed to successfully and continually operate small businesses and also gain life skills for self-development.

It was in line with this that  ten (10) women from a group name Kpan Mang ka wun songti (Put in your Best and God will help you) women group based in Kanvili ( a suburb of Tamale) were given micro credit support. Each member of the group received an amount of GHc100. In consultation with the group, they agreed to repay the loan in 6 months through in 2 instalments. Alongside this financial support RAINS provides counselling on usage as well as training in record keeping to these women.

At the ceremony to commence the support, the Programme Coordinator for RAINS Miss Sayibu Wedadu urged the beneficiaries to invest the loan on lucrative business activities such that when they are due for repayment they wouldn’t default. She also urged them to work hard in order to gain from the loan since hard work is the only way out of poverty.

The Chairperson of the group, Madam Hawawu Suale speaking on their behalf thanked RAINS for this support; she mentioned that this was a great opportunity for them since it is difficult for people in the informal sector especially small and medium enterprises (SME’s) to access credit to expand their businesses. She assured RAINS that members of her group are hard working and would continue to work hard to make profit from the loans in order to improve their lives indicating specifically how this will go a long way in helping them meet the educational and nutritional needs of their children.