STEP 1:ChEmEn Lavi miyò
, or the Pathway to a Better Life, reaches out tothe poorest of the poor. It accompanies them with training, one-on-one supervi-sion and encouragement, condence building and other services like health careand home repair. It protects clients as they move forward along a two-year roadfrom abject misery until they have their own functioning microenterprise andare ready to enter a micronance program.
STEP 2:Ti KrEdi
, or Little Credit, reaches out to women who want to starta new business but have little or no business experience, and the family has nomicro-entreprise at the moment.
offers them a smaller initial loan of just $25, shorter repayment periods, additional support from their loan ofcer,and literacy and education classes.
STEP 3:SoLidariTy GrouP
credit is Fonkoze’s core program. Groups of veclose friends organize themselves into solidarity groups that take out their loanstogether. These groups are organized in turn into Credit Centers of 30-40 womenthat become long-term associations of women devoted to individual and commu-nity economic and social development. Starting with three-month loans of $75,women can grow within this program until they are borrowing sums as large as$1,300 for six months. The groups meet together regularly for Literacy, BusinessTraining, and other educational programs.
STEP 4:BuSinESS dEvELoPmEnT
provides year-long loans that startat $1,300 and can increase without limit. It currently has clients borrowing$25,000 and more. This program helps clients become part of the formaleconomy and create jobs in rural areas where there is very little employment.
ChEmEn Lavi miyòTi KrEdiSoLidariTy GrouPBuSinESS dEvELoPmEnT