The biggest difference has been in the way we adminster these loans; we cut out all the red tape, the application forms were translated in the local language and the members guarantee each other. All the adminstration costs are being covered separately. The interest rate on the loans is 2% which is low and allows for easy repayment.
The women started businesses ranging from sewing to rearing goats and selling retail. They continue to perform the businesses and to grow in their lives, their income and the well being of their families. We hope serve all the 300 women members that we have got that one day they could all access credit through this program. We hope that this program can grow into the first women’s bank in Bwindi.