Thursday, June 6, 2013

Twegaite Microfinance


Coordinated By Dr. Veronica Wabukawo
Organisations like Kiva (http://www.kiva.org/lend) and Microplace (https://www.microplace.com) have changed the lives of millions of people throughout the world. Twegaite started a similar Micro Finance Project in Busoga in 2008. The project was very successful as the report shows. Individuals have adopted smarter farming methods that utilize land and other resources better. They have also formed groups in which they invest together. Small micro finance loans guaranteed by members of these groups mitigate the risk involved in lending. These loans once used well improve the livelihoods of the recipients. They can educate their children better, access better medication, and improve their nutrition. These loans have the capacity to transform Villages.
http://www.triplepundit.com/2011/12/current-state-microfinance-overhaul/
After the success of this project, Twegaite has decided to expand the program to help more groups.
Things to consider:


  • We request that you join efforts in helping the poor and impoverished in Busoga
  • You can decide if you want to invest or donate
  • If you donate, your money will cyclically improve the lives of many poor people
  • If you invest, you are guaranteed a return on your investment
  • You can decide to re-invest or get you money back after one season
  • The money you invest changes the lives of many people in many ways as explained above.

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