Approach
The Subayo Foundation provides microfinance loans to women’s groups for small business development and training. The initial loans are paid back and the money is reinvested. In this way, the foundation contributes to a virtuous circle of training, business development and investment. Subayo currently has projects in Benin, Ghana, Ivory Coast and Zambia. The projects and financing needs are listed below.
Benin
Mat weaving
Tie & dye
Farming
Gari-making
Funds Needed: $1,000
Ghana
Greater and Mid-Accra Region
Water purification,
Batik Tie & Dye
Rice Production
Funds Needed: $1,000
Dzodze Region
Cassava, Vegetable and Rice Farming
Funds Needed: $1,500
Bartor Region
Cassava, Vegetable and Rice Farming
Funds Needed: $800
Ada
Baking, sewing, school uniforms
Funds needed – $1,000
Obuasi
Microlending Funds needed: $3,000
Girls’ soccer team (uniforms, health care, HIV/AIDS prevention and tutoring, etc.)
Funds needed: $2,000
Ivory Coast
Vegetable and Fish Farming
Funds Needed: $1,000
Zambia
Nationwide, including Lusaka Area
Health Clinics
Orphanages
Farming
Jewelry Making
Bread Baking
Clothing Manufacturing (design and sewing)
Funds Needed: $500
Mongu
Micro Lending Project
Funds Needed: $4,000
University of Barotseland for tuition
Funds Needed: $7,000