Our African Micro Loan Programs are Making a Difference
Outreach Uganda is excited to be one of a small number of African nonprofits which helps Ugandan women’s groups start their own internal African micro loan programs so that the groups can make business loans to members. The biggest benefit of these African micro loan programs offered by some African nonprofits, such as us, is that the loans carry a much more reasonable rate of interest than other standard microcredit programs offered by banks and other local financial institutions. In our initial Uganda women’s beader group which has the most experienced business women in it, the group has had the internal African micro loan programs since 2008. Learn more about their income-generation efforts.