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From poverty to business success through female entrepreneurship
- 1. From poverty to business success through female entrepreneurship HAND IN HAND & CARE RWANDA Rahabu Mukampenda | Shop Owner of Nyarubuye | Kirehe, Rwanda
- 2. Microfinance & business training transform lives “With CARE we learnt how to save. Hand in Hand has taught us how to invest the money we save into a business…I am no longer begging for things or money. I can get it on my own” Marie Consolee | Farmer | Rwanda 2
- 3. Why jobs? 600 million jobs needed by 2025 3 billion people work informally “Jobs are the cornerstone of economic and social development” “Development happens through jobs”, World Bank ‘Jobs’ report, 2013 3
- 4. Hand in Hand – in the business of beating poverty through grassroots entrepreneurship Empowering women at the bottom of the value chain since 2003 4 1.68 million members trained 1.68 million businesses supported 2.44 million jobs created US $330 million in loans
- 5. Getting the most from microfinance 5
- 6. Microfinance & business training transform lives • Bookkeeping, business development, marketing using pictures, parables and songs • Groups lend to each other and access micro-credit safely and responsibly • Scaling up beyond the neighbourhood helps entrepreneurs to thrive 6 Kanyoni Self-Help Group, Kenya
- 7. Hand in Hand and CARE Rwanda • A three year program • Empower 100,000 (mostly) women to work their way out of poverty • Create 80,000 jobs 7
- 8. Results exceeded expectations Top outputs • 129, 167 people empowered • 78,800 businesses supported • 113,662 jobs created Top outcomes • Increased household incomes, savings and assets • Improved financial knowledge, skills and confidence • Increased skills to develop small businesses • Increased linkage to formal financial institutions markets 8
- 9. Meet Clementine, retailer & businesswoman 9 “The trainer gave me the training and confidence to take a loan of 35,000 Rwandan francs (US $35)”
- 10. Combining business training with financial inclusion programs we can • Fill the knowledge, capacity and skills gap • Lend safely and responsibly – 99% repayment rate • See another bottom line - businesses and jobs, improved incomes and livelihoods 14/03/2016 10
- 11. Thank you for your attention Stuart Coupe Monitoring and Evaluation Manager | Hand in Hand International T: +44 (0) 7581 037 456 | +44 (0)20 7514 5082 E: scoupe@hihinternational.org 14/03/2016 11