THIS PROJECT HAS BEEN COMPLETED.
No donations are needed at this time.

UEnd has a policy that allows project partners to fundraise themselves for their projects.  When a project is marked completed this is what has happened. We do this because the project starting quickly is ideally what we want. Stay tuned for Project Updates and Proof of Impact from this project.

Thank You for your support!
 

However, the good news is that the affiliates that implement these projects have received good support through their regular funding and are progressing very well.

Project Description:

Supply Micro Loans to 10 clients.

• Each Micro Entrepreneur must attend 8 lessons on business management
• Bank members elect the Executive Directors of their Village Trust Bank
• Each member submits a business plan and budget
• Save 10% of their earnings for family emergencies
• Donate 10% of the earnings to a village project (water, school, clinic, electricity, sanitation etc)
• No collateral is required.
• Clients must cross guarantee loan payments of clients in their group of 5 and up to 40 others in the same Village Trust Bank if necessary.
• Make all payments on time
• Follow the bi-weekly advice of the MEDIC Benin Trust Bank Advisors.
• Pay an initial Loan Insurance Premium.
• On correct repayment of the first loan, the client qualifies for a larger loan.

The loan recipients are as follows:

Esther Dadeboa
Type of Business: Trader
Age of Business: 10 years
Loan amount: $385 CAD
Project: Esther sells local food stuff to small scale traders in her community. She needs a loan to expand the business.

Vincentia Bezra
Type of Business: Trading
Age of Business: 14 years
Loan amount: 330 CAD
Project: Madam Vincentia sells local food products to small scale traders in her community. She needs a loan to expand the business.

James Boafo
Type of Business: Carpenter
Age of Business: 5 years
Loan amount: 330 CAD
Project: James makes doors and other household furniture for sale. He needs a loan to purchase wood for the business.

Stephen Tetteh
Type of Business: School Proprietor 
Age of Business: 6 Years
Loan Amount Required: 550 CAD
Project: Mr. Tetteh is a proprietor of private primary school (grades 1 – 6) Kids For Christ Academy. The school has an enrollment of 290 pupils and a total staff of 12. The loan would  supplement the operating funds of the school and allow them to  accept more students.

Faustina Akrasu
Type of Business: Food Vendor
Age of Business: 14 months
Loan Amount: 330 CAD
Project: Faustina cooks and sells local dishes in her community. She is in need of a loan to expand the business.

Esther Epton
Type of Business: Food vendor
Age of Business: 1 Year
Loan Amount: 330 CAD
Project: Esther cooks and serves a variety of dishes in her community and wants to expand her business by serving more clients in the community. She needs a loan to purchase food stuffs in larger quantities.

Ahinful Donkor
Type of Business: Haulage Transporter
Age of Business: 5 years
Loan Amount required: $660 CAD
Project: Ahinful is a transporter of goods between neighboring countries of  Baurkina Faso, Togo and Ivory Coast . He needs a loan of $660 to allow him to hire a heavy duty truck to more efficiently transport a larger volume per trip.

Beatrice Teko
Type of Business: Trader
Age Business: 7 Years
Loan Amount: 330 CAD
Project: Beatrice supplies local food stuffs to other small-scaled traders in her community. Demand for the products is quite high and Beatrice needs to increase her stock volume to meet the demand. 

Belinda Adjei
Type of Business: Food Vender
Age Of Business: 13 months
Loan Amount: 440 CAD 
Project: Belinda sells a variety of dishes in her community which is well patronized. Belinda requires enough funds to increase the quantity of dishes prepared for sale.

Bright Bankesie
Type Of Business: Supply of fish and maize to micro traders in the community.
Age of Business: 13 months
Loan Amount: 440 CAD
Project: Bright is engaged in the supply of fish and maize to small-scaled businesses in the community. In order to meet the demand, Bright  needs a loan  to increase her stock.