The Latest News from SaCoDe, September 2023
Monitoring visit and distribution of business books
In August, through our mentors based in the community, we carried out a follow-up visit to the activities of the women entrepreneurs. The mentors visited the women in their workplaces to see how the knowledge they had received was being applied, particularly regarding the business book. This was also an opportunity to reinforce the education received by telephone with more detailed explanations. The mentors then distributed the business books to the women, followed by an explanation of how to complete them.
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.
You are all invited to bring up a change for the best Future of the Women, and Youth in Burundi! Click on the button below if you would like to support us!