DRAFT : TCP Global Loans: Empowering Women in Uganda

Success Stories in Uganda: Empowering Women

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Kaida received a loan of $111 in May to buy this beautiful cloth from which she sews dresses on request. She repaid 66% of her loan and saves $2 from her $3.50 daily profit, using the rest to feed her family. A little goes a long way in Uganda where the average monthly wage is $75 and life expectancy is < 43 years. Since receiving her loan, she has saved over $233 towards her dream of buying a plot of land for a home.

Rukia sells charcoal from her home in the Yumbe District of Northern Uganda. Thanks to an $83 loan, she increased charcoal inventory tenfold and quadrupled her daily savings. Her biggest challenge is COVID19, which increased transportation costs and impacts her customers' ability to pay.

With her earnings she bought iron sheets, pictured here, to reroof her home. She is pleased she can now provide a balanced diet for her children and save money for health challenges.

She writes: "I pray for TCP Global to stay long and thank CCEDUC Child Development for coordinating Chris Roesel to come to see us in Yumbe.."

With a TCP Global loan, Manjubo's profit is five times greater than previously, giving her more money each day to feed her family and pay school fees. She says: "Long live TCP Global, Long live CCEDUC."

Innocent Ajaga and his team empowered 4 women's savings groups to manage TCP Global loans since May, 2020. CCEDUC serves as fiscal agent, sends reports to TCP and trains the women to run sustainable programs. Four more groups will soon follow.

CCEDUC quickly turns loan administration over to the women

“I learned that things are never as complicated as we imagine them to be. It is only our arrogance which seeks to find complicated answers to simple problems” Muhammad Yunus

How you can support TCP Global:

1) Connect us with potential loan partners in marginalized communities

2) Share these success stories with others

3) Volunteer to mentor a loan program in a country you know well

4) Make a donation like Steven Koch of Springfield, Illinois.

TCP Global makes loans available to business owners in impoverished areas throughout the world. I support many U.S. based charitable organizations, but I've always felt part of my charitable giving should go to the less fortunate throughout the world. The needs are so great in these other countries and my contribution can make even a bigger, more positive difference in the lives of our brothers and sisters globally. A $100-150 loan is equivalent to perhaps a $1,000 loan here in the U.S. and it has a bigger impact for that entrepreneur trying to better themselves and their local communities. These loans serve as a hand-up, not a hand-out to the recipients, and as they are repaid and reinvested they generate more positive economic stimulation for these poorer nations.

Steven Koch --RPCV Colombia Dad & RPCV Colombia nephew.

For more information, contact TCPGlobal@peacecorpsconnect.org

Helpful Links
NPCA - webinar on TCP Global
Short Video - How it Works

TCP Global Supporters and Partners
National Peace Corps Association   Friends of Colombia Friends of Nigeria Rotary Club of Coconut Grove

LA VICTORIA SUAN FUNDACION PINTO SALAMINA ARACATACA GUACHACA CASA COLIBRI AGROVIDA FANTSUAM  ASLA DIG  AVIDI
NANEY  POTENTIEL TERRE  OURZP FIFED ACHET 'AKAL   BOSHBOSH  CHRISTALIS  CCEDUC MIDNORTH
Y ES NEPAL  CBODC SBS PJBS KABUCHI CASA SALOME

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