MED Projects in South Africa
Providing economic empowerment to the entrepreneurial poor in India Facilitating micro enterprise development loans in South Africa
- Percent Funded 7.6% 7.6%
Balance Needed: $24,200
This self- sustainable Economic Empowerment project targets 800 entrepreneurial poor women who have the desire to help themselves break the cycle of poverty but lack the start-up capital to run their own small business.
Women are selected, trained and supported through regular centre meetings. The provision of a small once off loan enables the women to work, earn a constant income, provide for the needs of their household, establish savings and brings hope for entire families.
The project will create 160 Self Help Trust Groups, consisting of 5 women per group.
These women live in systemic poverty and without the means to pull themselves out of poverty. The poverty and employment statistics below highlight the overall problem:
- 47% of the population lives in poverty, this figure is substantially higher, and often greater than 70%, in the rural areas
- 35% of South Africans survive on less than $1 a day
- 34% of adults are unemployed
- 30% of mothers visiting anti-natal clinics are HIV-positive
- 57% of children are born into poverty, and each day go to bed hungry
– WHO & Unicef report 2010
There are not enough jobs being created to employ the population. So people need to develop their own businesses in order to survive, let alone thrive.
Poverty has many expressions, the most obvious being a lack of finances. Therefore one of the most effective means of combating poverty is economic empowerment of individuals & communities.
In this place women have two options, risk great debt & harm to their family buy lending money form ‘loan sharks’ or stay poor.
A budget of $26,400 will facilitate loan opportunities for 1 Branch, which allows adequate selection, training, follow up and management of 800 women. Each woman represents an average household with at least 4 dependants. Our program is built on the model of providing an opportunity of a “hand up, not a hand out”.
By partnering with us you become part of the solution. Here are some options for you to consider.
Option 1. Will facilitate 1 woman to start her own small business
- One-time Contribution $33
- Monthly Contribution $3
Option 2. Will facilitate 1 group (5 women)
- One-time Contribution $165
- Monthly Contribution $14
Option 3. Will facilitate 1 centre (8 groups / 40 women) *Reach approx 200 lives
- One-time Contribution $1,320
- Monthly Contribution $110
Option 4. Will facilitate 1 Branch (20 Centres / 800 women) *Reach approx 4,000 lives
- One-time Contribution $26,400
- Monthly Contribution $2,200
Impact / Life Change
- 800 women will know how to establish (or develop) a small business.
- Touch approximately 4,000 lives
- Provide training and coaching that will empower the women to run a viable small business, and enable the community to reduce poverty
- Create a financial sustainability that positions her to provide for the basic needs of her family and offers an opportunity for the children to go to school and receive an education
- The participants will gain self-worth and live dignified lives
- Improving lives and strengthening communities
- Provide opportunity for women to escape systemic poverty
This solution is aligned to help achieve 3 Sustainable Development Goals
Goal 1: End poverty in all its forms everywhere
Goal 5: Achieve gender equality and empower all women and girls
Goal 8: Promote inclusive and sustainable economic growth, employment and decent work for all
These women are breaking generation cycles of poverty. Success for our women means they will be able to provide food (at least 2 nutritious meals a day), education, clothing, shelter and access healthcare for their families.
Types of businesses being operated (30+ different businesses):
- Selling fresh fruit and vegetables, 17%
- Tuck Shop – School, 15%
- Knitting Clothes, 10%
- Tailoring, 10%
- Selling new clothes, 9%
- Spaza Shop – Home, 8%
- Selling second hand clothes, 7%
- Cosmetics and hair products, 5%
- Meat – frozen, 4%
- Live Chickens, 4%
- Cold drinks, 3%
- Meat on Dish, 1%
- Flowers and pots, 1%
- Catering, 1%
- Handbags and jewellery, 1%
- Other, 3%