{"id":2270,"date":"2020-12-09T17:55:27","date_gmt":"2020-12-09T16:55:27","guid":{"rendered":"https:\/\/hungerprojekt.ch\/thp-programs\/mikrofinanzprogramm-als-teil-der-epicenterstrategie\/"},"modified":"2024-04-09T08:47:59","modified_gmt":"2024-04-09T06:47:59","slug":"microfinance-program-as-part-of-the-epicenter-strategy","status":"publish","type":"page","link":"https:\/\/hungerprojekt.ch\/en\/thp-programs\/microfinance-program-as-part-of-the-epicenter-strategy\/","title":{"rendered":"Microfinance program as part of the epicenter strategy"},"content":{"rendered":"

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Home<\/a> > THP programs<\/a> > Microfinance program<\/a><\/h6>\n

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Microfinance program as part of the epicenter strategy<\/h1>\n<\/div>\n<\/div>\n

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The microfinance program is a training, savings and credit program that supports the economic empowerment of women in Africa<\/strong><\/p>\n

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Factsheet: Microfinance Program<\/a><\/span><\/p>\n

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Microfinance program<\/h2>\n<\/div>\n

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The Hunger Project’s microfinance program is managed by women <\/strong>and primarily helps women. It is a training, credit and savings program through which microcredits are distributed to groups of women and men and a savings culture is promoted.<\/p>\n

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The program acquires the financial means for economic independence and an official state certification to operate as a village bank.<\/strong> Small loans are primarily used for farm work and retail trade to successfully increase household income. With the microfinance program, women gain a strong voice in the community.<\/strong><\/p>\n

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The core elements of <\/strong>the microfinance program are training, credit and savings programs: Microfinance training, income-generating workshops, loans and savings.<\/p>\n

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Microfinance training<\/h2>\n<\/div>\n

Microfinance training strengthens people in literacy, budgeting, credit management, leadership, accounting and business plan development. Since the Hunger Project primarily provides loans to small groups that commit to each other to remain solvent in order to repay debts, they are also trained in group dynamics.<\/p>\n

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Income increasing workshops<\/h2>\n<\/div>\n

Income-generating business initiatives include (but are not limited to): animal husbandry, fattening, retail, food processing (jellies, jams, juices, etc.), agriculture, candle making, bread baking, basket weaving and fish farming.<\/p>\n

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Project supported in 2021<\/h2>\n

THP Switzerland supports the microfinance program in Benin. More than 750 women in the two epicenters Sonon-Guinagourou (10 villages) and Gb\u00e9gourou (6 villages) get access to microcredits as well as savings and can develop their management skills. The goal is for the women to generate higher incomes to create better livelihoods for their families and thus overcome hunger and poverty.<\/p>\n

Activities carried out until the end of August 2021<\/strong>\u00a0<\/strong><\/p>\n

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  1. Identification of three supervisors per village in the 16 <\/strong><\/li>\n<\/ol>\n

    For reasons of efficiency and sustainability of the project’s actions, three supervisors per village have been identified to provide close and regular monitoring of the women in the implementation of their micro-enterprises. These are people living in the area and with a level of education capable of quickly acquiring the necessary knowledge to support women. They are volunteers. Each mentor has identified 16 to 20 women whom they will have to advise and accompany.<\/p>\n

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    1. Identification of 48 women in each of the 16 villages<\/strong><\/li>\n<\/ol>\n

      These are women with income-generating activities. The sectors of activity of these women are:<\/p>\n