(Italiano)

(Italiano)



(Italiano)


Thursday 25 October 2018
 
A group-lending microcredit school opens in Rukanda

Training the local community is an integral part of the “Water, Spring of Life” project. The goal is to teach them how to use the group-lending microcredit program and to be directly involved in their own growth and development.

How does it work? The group-lending microcredit model is a financial tool where savings and credits are managed in small groups: each member gives a small amount of money that, together with  contributions from all the other members, generates a fund that each member, in turn, can use to begin a profitable business venture.

Of course, whoever uses a share of the fund is committed to paying it back using profits generated by his new activity.

Its main goal is to collect savings and offer support and funds to the members of the community who would not have otherwise access to traditional financial services.

“Group-lending microcredit programs change people’s mindset and lead to financial and social development,” stated the lecturer who trained the field agents who are working together with the families who benefit from the program, teaching them how to use this tool.

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