Business Start-ups
The Connect Africa Foundation provides start up loans for business development to guardians of orphans. This micro loan program empowers caregivers to generate the income they need to support their families. In turn, the start-up businesses quickly begin contributing to the economic development of the community. Once the loans are repaid, the businesses make a donation to Connect Africa in order to help other community members develop businesses. The loan program encourages community responsibility for a better economic future for all. Specifically:
- Loans are interest free
- Loan contracts are unique to each families needs
- Encourage savings and long term planning for their families
- Ongoing monitoring of businesses is provided
Click here to read about specific business that Connect Africa has helped create.
People who cannot write or read, do not have a bank account, or do not own a home and land are encouraged to approach Connect Africa for a loan; whereas, banks and other lending institutions would not consider their requests. The following is a partial list of businesses that received loans:
- 4 Chicken Businesses
- 2 Motorcycle Transportation Businesses
- 3 Village Grocery Businesses
- Secretarial Supplies Business
- Bakery Business
- Popcorn Business
- Embroidery Craft Business
- 2 Charcoal Business
- 2 Making and Selling Brick Businesses
- Selling Milk Business
- 2 Hair Salon Businesses
- Gardening Business