SMPI MICROFINANCE PROJECT
The SMPI Microfinance Program aims to increase household incomes and empower families through interest-free loans. It primarily supports extremely poor families who earn a dollar or less per day and lack assets to secure traditional loans. By not requiring security, the program enables parents to access capital for their businesses. Launched in 2022 with just one family, it has now expanded to support 20 families, helping them achieve financial stability and growth.
Member's Testimonies
Akol Deborah
Akol Deborah, a single mother of five, runs a small tailoring business from her home. To expand her business and increase her income, she took a 500,000-shilling loan to purchase more materials. She repays 80,000 shillings monthly over a 7-month period. As a beneficiary of the ET4S program, Deborah is grateful for the opportunity to grow her business and support her family.
Najjombwe Hasifa
Najjombwe Hasifa, a single mother of four and grandmother of two, lost her job as a cook at Treasured Kids after 14 years when the school closed. Struggling to make ends meet, she joined a support program and received a 500,000-shilling loan. With this, she established a vegetable stand and a coffee collection store in her home village outside Kampala. She repays 40,000 shillings monthly over 12 months. Thanks to this opportunity, Hasifa now has a stable source of income to support her family
Doreen
Doreen, a single mother of two, lost her hotel job during the COVID-19 pandemic and struggled to provide for her children. Despite numerous job-hunting efforts, she couldn't secure employment. Through a support program, she received a 3,000,000-shilling loan, enabling her to start a retail grocery shop, a snacks center, and a juice bar. With a deep freezer for drinks, she sells fresh juices, snacks, and groceries in her community. She repays 80,000 shillings monthly over 37.5 months. Grateful for the opportunity, Doreen and her children now have a stable source of income and hope for a better future.