Empower women in poverty through micro credit
Summary Empowering underprivileged women in Bhojpur, Bihar and supporting them through a micro-credit program. This program also aims to set up a vocational training center for unemployed women to earn a decent wage. The women will be provided an Entrepreneurial Development Training program to start their own business. Challenge Many studies show that bringing people out of poverty cannot be done through charitable efforts alone. It requires empowering disenfranchised groups to become self-reliant. Women, in particular, face a range of societal ills that puts them at a distinct disadvantage. For example, alcoholism, low literacy rates, limited employment opportunities, predatory lending and the resulting "debt trap" restrict women from having an expendable income, let alone start small businesses of their own. Solution This project will provide small grants or loans (free or low interest) to women pursuing small businesses of their own. The awarding of loans and grants will be based on established small businesses or clearly outlined new ideas. Bring Smile training to sell the products that are made by women from our self-help groups. These women have voiced their need for additional funding to expand their businesses. Long-Term Impact This project empowers women to become self-reliant and self-sustaining after disastrous covid 10 impact. It gives them the financial independence that they rightfully deserve. Additionally, there are added opportunities for employment opened. They are also able to meet other small business owners through our meetings. This ability to form networks with other women gives them access to support systems and safety nets that they otherwise would not have within their own families.
