Unite's Women's Loan Program
Millions of people are trapped in the prison of poverty. It is time to set them free.
Unite is working with Mr. Elias Shayo in Arusha, Tanzania, to deliver business loans and grants to enterprising women in need of support to grow their small businesses. Loans must be repaid within 12 months with a 15% interest rate in order for the women to be eligible for future, larger loans. All of the women in this program to date are on their second or third loan cycles; loans are most often repaid via M-Pesa or mobile banking, which means we are able to work with women living in far out rural areas; and the women come together for annual meetings to share and support one another. These women are all working tremendously hard to cope with and manage the demands and economic pressures of family, illness, consumer fluctuations, government regulations and more -- all the while trying to stabilize and grow their small businesses. We are extremely proud of these women for their commitment and their successes to date.