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