Microloans for Women in Swaziland

Summary

Imbita was formed as a self-help organization for women, and seeks to continue microfinance funding for very poor Swazis in their quest to alleviate poverty for themselves and their families.

How Donors Like You Helped

Thanks to donors like you, a total of $1,208 was raised for this project.

Received $1,208 from 8 donations from people like:

More Information About this Project

Project Needs and Beneficiaries

This project empowers women to care for themselves and their families through revolving loans in an area not being served by other microcredit organizations. It provides women with credit to start businesses and increases their ability to support their families, especially in a country with the world’s highest HIV/AIDS infection rate. It directly addresses the importance of agricultural communities to begin seeking other income sources as Swaziland continues to suffer from a drought.

Activities

Imbita offers three main programs and services: savings, loans and training. Imbita requires that all women who receive loans attend training sessions on cash and credit management, budgeting, marketing, pricing and record-keeping.

Funding Information

Total Funding Received to Date: $1,208

Funding Information

This project is now in implementation and no longer available for funding. Received funds will be used to accomplish concrete objectives as indicated in the project's "Activities" section. Updates will be posted under the "Progress Report" tab as they become available.

Donors' contributions and pledges to this project totaled $1,208.  The original project funding goal was $50,000.

Additional Documentation

This project has provided additional documentation in a PDF file (projdoc.pdf).

Resources

Why this Project is Important

Potential Long Term Impact

Imbita promotes a culture of savings and requires 20 malanga ($4) per month as minimum savings per woman. This has helped women save for their children’s school fees, and for seeds and fertilizers needed in planting season.

Project Message

"Joining [Imbita] has fulfilled my desire to help women have loans so that they can help themselves. Being entrusted with a loan is a transforming moment for the majority of our clients."
- Sbongile Mthembu, Coordinator, Imbita

Who is Running This Project

Contact

Meredith Allred,
Executive Assistant
1015 15th Street, NW
Suite 900
Washington, DC 20005
United States
202.715.3504
Email:

Project Sponsor

Geneva Global

Organization

Imbita Swaziland Women’s Finance Trust
P.O. Box 1027
Manzini, Swaziland M200
Swaziland
268.505.6854

Learn more about Imbita Swaziland Women’s Finance Trust and the project team.



Where this Project is Located

Country

This project is located in Swaziland and can also be found under Economic Development.

For more information about Swaziland, read the Human Development Report on Swaziland or the Wikipedia entry for Swaziland.

When this Project was Updated

Date Added to GlobalGiving

This project was added to the GlobalGiving project catalog on June 01, 2006.