The Latest News from SaCoDe, September 2023
Visits to identify women entrepreneurs
At the beginning of May, we carried out a follow-up visit to 570 women entrepreneurs who had been identified to receive entrepreneurial awareness training this year.
This visit aimed to bring all these women together to explain our education methodology to them first of all, to familiarize them with the SMS platform to enable them to be proactive in the training we provide them with; secondly, to present to them the criteria that help us to classify them in 3 categories to help them to situate themselves about the 3 categories and to note the criteria that are missing to arrive at the third category of women entrepreneurs.
Help us Empower Women, and Youth in Entrepreneurship education: Financial empowerment of youth and women
Access to information on financial education: There is a lack of knowledge about entrepreneurship among thousands of women and youth. The "VSLA" approach is taught to community leaders to raise awareness of the approach among the people (women and youth).
Grouping of women and youth in Village Savings and Credit Associations: Young people and women still face barriers to accessing funds for entrepreneurship. An affordable and secure source of financing is needed for them. Therefore, they are grouped into Village Savings and Credit Associations (VSLAs) of 30 members each. Once in the VSLA, these young people and women receive education, coaching, and support either in person or via SMS from an expert staff member. By taking out micro-credits at rates that are acceptable and favorable to them, they contribute to the financing of their own lives.
Creation of Income Generating Activities (IGAs): Through microcredits, women and youth can receive funds to invest individually or in groups. In addition, IGAs in groups allow groups to access banks and financial institutions to increase capital.
To motivate others to achieve better results, the best VSLAs can be funded for their collective projects.
Would you like to join the Financial Empowerment of Youth and Women? Click on the button below to support us!
