Supporting small business with microfinance initiatives in 3 countries

Sep 2014


Charity Partner
This month we will expand our support of small business with Deki. Deki empowers people living in poverty to create sustainable livelihoods by providing access to ethical microloans and training, currently Deki works in Malawi, Ghana and South Sudan. The loans averaging £200 are used to create a sustainable income. For example, Deki loans have been used to purchase sewing machines to create small tailoring businesses, to buy water pumps to increase farmer’s yields and to buy better stock for local restaurants or stores. 100% of the money raised in September will be lent to people living in poverty to start up their own small businesses. As the loans are repaid we will re-lend the funds to more families, therefore over the next two years months the loans will have been lent out and re-paid approximately 3.3 times. This will support families to set up business and work their way out of poverty, positively impacting upwards of 1500 people. You can have a look at our loans to date here All of our funding will be re-cycled again and again bringing financial opportunity to communities that would not otherwise have access to banking services.

Deki tackles the root cause of poverty by providing ethical micro loans at grass roots level, coupled with business management and financial literacy training, as well as community development activities. They work in rural and hard to reach areas with those who are excluded from traditional financial services and the training that they need to develop sustainable livelihoods, become financially resilient and create brighter futures for the next generation They deliver projects that focus on sustainable change by helping people to help themselves. These include women's empowerment workshops, youth support programmes and health initiatives giving communities access to health care through affordable health insurance.

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