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It was clear to us
right from the start of our work in Africa, that
one of the most important thing to do was to find
an efficient method of making micro loans available to
impoverished enterprising women and other
struggling entrepreneurs that require a bit of a boost
in the form of small cash injection.
In most of the communities, women do not qualify
for any kinds of loan due to several reasons. Our micro finance program is changing all that.
Women & men with bright ideas and no money can
come to us for seed money.
1n year 2008, we
hope to offer micro-finance loans of an
average of $100 - $200 each to 500
micro-entrepreneurs on an annual revolving
bases. The loans will help the ventures to grow rapidly,
improve the quality
of lives of recipients and their families, and
permanently transform the benefiting local
communities.
Applying
for Micro-Loan
We prefer micro-loan requests to come from a
membership based organizations, trades groups,
age-grades, "Isusu" Teams, etc. The
request should stipulate how many members of the group
would need loans, how much each person is seeking,
what type venture the member is pursuing, and how
the members intend to use her/his loans. Please
have the leader of your group write to:
Micro-loan
administrator
ICAfrica - International Charity for Africa
P, O, Box 26012
Ottawa, ON K2H 9R6
Canada
email: admin@icafrica.com
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