Thanks to Devxchange’s project, New Hope, we are able to work with this village to create a “Village Savings and Loan” program. The group is made up of 30 people and to date, have saved over 27,000 Ethiopian Birr! (over $1,277 Canadian!). From the savings, the group is able to take out small loans and create a small business for themselves, which in turn will allow them to pay back the loan and help even more people in the village.
For something as small as $50, a person can start a small business, so this amount of money is a great start to build the futures of each person in the program! While on our recent trip we were able to visit the group and see how they are doing, we also brought a few extra things like clothing and footballs for them to enjoy!