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How to start a Microfinance scheme
Submitted by Enya on December 26, 2006 - 3:08pm.
So I have been tasked with the donation of $500USD to use it to start a micro-credit with local crafters in South Africa. Could you please advise on the steps in which to start this initiative? My idea is to source a women's cooperative, to form the committee of persons who will be responsible for the re-payment of the loans, distributers, and someone to monitor the process. Other than that, I am relatitively new to the concept.