Project description
The general objective of the project is to contribute to the improvement of the living and subsistence conditions of the population of the Budjala territory and to the development of effective and shared policies to fight extreme poverty, promoting income-generating activities. It does so by using the practice of “honor loans”, a financing system that individuals and groups of people organized in savings groups refer to in order to finance livestock farming, agriculture, processing of agricultural products, small businesses and anything else that is deemed feasible and therefore financeable by our association.
These are revolving loans, which presuppose a repayment within an agreed and scheduled time, so that the resources returned, without any interest, are available for new loans for new beneficiaries. A model, that of microcredit, widely used in poor countries, conceived by an Indian banker who was awarded the Nobel Prize for Economics.
Financier: Presidency of the Council of Ministers – Eight per thousand of the IRPEF under direct state management
Start year: 2024
Duration: 2 years
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Financing
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People helped by the beginning of the project
Goals achieved
Training of economic promoters and social animators with technicians called upon to transfer good microcredit practices from Burkina Faso
Goals to be achieved
Capacity Building of farmers and breeders
Setting up a Revolving Microcredit Fund and starting Income Generating Activities
Promotion of dialogue between local government authorities and organized civil society
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How much has been collected so far
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