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.

Thank you

Tags: Microcredit
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Microfinance on the Advice Pages
Submitted by Barney Mayhew on January 3, 2007 - 8:47am.

Hi there Enya,

 

If you haven't already, have a look at the advice pages on microcredit at www.aidworkers.net/?q=advice/microcredit.  I hope your project goes well.

 

Barney. 

 

 

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Good website with resources
Submitted by makalu72 on January 4, 2007 - 3:10pm.

Hi Enya,

Have a look at this website: http://www.scn.org/cmp/index.htm

It has a lot of practical resources related to capacity building in low income neighbourhoods - such as training modules on income generation, building a credit organisation and micro-enterprise training; and a handbook on generating wealth.

I hope you find the website useful. Good luck with your project :)

Brigid.

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