Why Microfinance? 

The children we serve in Kenya have been helped tremendously through our interventions to date, but we want to aim for greater sustainability in our program. Money so far raised for health care, school fees, home based care support and more
has made an incredible impact on the special kids we support, however the families of the children often remain in their original state after their children’s needs have been met, and monies for school and medical needs will eventually come due
again.

We believe that the BEST way to help the children in our program long term is to equip their families to be able to better provide for their complex needs through improved economic opportunities. In this new microenterprise development program, World Vision Kenya (https://www.wvi.org/kenya) will be providing all the necessary training, monitoring and evaluation, while CDFI is responsible for raising the $25,000 needed to fund the program. We need your help to do this!

Learn More:

Donate now towards microenterprise in Kenya According to World Vision, “By promoting equality, inclusiveness, and sustainable economic growth, we can help end extreme poverty and allow at-risk children to reach their full potential.”

Questions you may have

What is microenterprise development?
The term microenterprise usually refers to a very small business (operating with less than 10 people,) which is started with a small amount of funds advanced from a bank or other organization. Most microenterprises specialize in providing goods or services for their local areas. Why is this an important program for CDFI to begin in Kenya right now?
According to USAID, “Ensuring economic growth is broad based and reduces poverty has become a fundamental development challenge. In many countries, poor people cannot fully participate in, or enjoy the benefits of, economic growth. Poor people, particularly poor women …. cannot obtain credit to start businesses or to grow their businesses or farms [and]… have little help in getting access to new technologies or business networks that could improve opportunities to sell their products.”
Also according to USAID, the disabled population, along with women and those living in remote areas, is often excluded from access to financial resources. World Vision says on their website that “…one in 10 people worldwide survive on less than $1.90 a day. And many families in impoverished communities have never been able to save, get loans to start or build a small business, or even learn better farming practices. [We] can help them break the cycle of poverty. When hardworking people get access to tools and opportunities, they’re empowered to change their own futures — and pass those skills along to the next generation.”

What will the $25,000 we are raising provide?

1. TRAINING: Micro-enterprise development training for the parents/guardians of 177
children with disabilities.

2. ACCOUNTABILITY: Creation of support groups for future training, monitoring and
sharing of best practices.

3. STARTING FUNDS: Seed money for families’ initial small business loans.

4. MONITORING: World Vision in Kenya (EXPERTS in micro-enterprise development!)
will be monitoring and evaluating the program. We, at CDFI, will share stories and
reports results back to you, our donors, periodically.

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