Loans Rwanda
A new package in disparate villages in Rwanda claims it can create small businesses, provide life-changing access to information and empower women within their households and communities. The package comes in the form of a loan that enables the enterprising villager to buy a digital Global System Mobile (gsm), or in other words, a phone. The proud owner then launches a public phone business that generates enough income to repay the loan and to reinvest elsewhere.
The Village Phone scheme is the creation of the Grameen Foundation, usa, in collaboration with three Rwandan microfinance institutions, namely, mtn RwandaCell, Urwego, and care Rwanda. Ryan Stanley, a project manager, says that the phone transforms how its users know and understand the world, enabling them to access market information that can help increase profits and reduce expenses. He states that 99 per cent of the operators are women who now benefit from greater economic independence and thus gain the confidence to assert their rights.
We are a voice to you; you have been a support to us. Together we build journalism that is independent, credible and fearless. You can further help us by making a donation. This will mean a lot for our ability to bring you news, perspectives and analysis from the ground so that we can make change together.
Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.