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"Children Education through women empowerment" for Cameroon Development Marketplace Competition

"Children Education through women empowerment" for Cameroon Development Marketplace Competition

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Published by Akanksha Shukla
This project is a winner of World Banks Cameroon Development Marketplace competition, “Children education through women empowerment” by Goodness and Mercy Mission is a self sustainable project where business model of Palm trading is combined with saving and lending concept to enable women gather money for their children’s education at the same time helping them with a continuous monthly income and a monthly access to cheap loan from their own pooled saving.
Sustainability is the key to this project and Income, saving and reinvestment are the 3 Pillars of success for this program, income earned is saved and reinvested and that is how the whole model will work and sustain.
This project is a winner of World Banks Cameroon Development Marketplace competition, “Children education through women empowerment” by Goodness and Mercy Mission is a self sustainable project where business model of Palm trading is combined with saving and lending concept to enable women gather money for their children’s education at the same time helping them with a continuous monthly income and a monthly access to cheap loan from their own pooled saving.
Sustainability is the key to this project and Income, saving and reinvestment are the 3 Pillars of success for this program, income earned is saved and reinvested and that is how the whole model will work and sustain.

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Published by: Akanksha Shukla on Feb 07, 2012
Copyright:Attribution Non-commercial

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02/07/2012

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By. Teh Francis YaiDirectorGoodness and Mercy Mission
 
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hat is it?
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hat is the need?
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How will it work?
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hat are the Targets?
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How will they be selected?
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hat are the main Objectives?
 
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S
election of beneficiaries and Group Formation.
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election of Leaders, Formation of Group & lendingNorms, and a Brief on sales and saving targets.
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holesale buying of Oil and redistribution to groupmembers at stipulated price.
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elling of Oil and saving the Profit for Pooling in
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&Lkitty.
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Lending from
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&L kitty and pledge to repay as per theterms and conditions.
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Pooling of 
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aving Contribution and repayment of loanalong with interest will help in gathering targettededucation fund. (30 children each group).
Project Activities:

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