Microcredit Project

Obsessed with the desire to positively transform the lives and living conditions of vulnerable children (boy & girls) and women, AYPAD has been undertaken series of research and documentation of experiences together with suggested recommendations of street children and commercial sex workers, most of whom have subsequently been absorbed into AYPAD’s membership, and gradually acquired coping mechanism skills. AYPAD holds the view that women’s empowerment lies with that economic power and decision making abilities, which would also reflect positively on their lives and their families around them  The rationale of this request is to enhance the economic empowerment of the women members of AYPAD through the provision of revolving Micro-Credit scheme.

The main thrust of the project is to effect a revolving micro-credit scheme for women members of AYPAD as a means of enchaining their economic empowerment To ensure these, members would be encouraged to form solidarity groups comprising three members. A number of seven to eight groups would be created  for a start from among the twenty and five targeted beneficiaries. These female members would be given responsibilities as chairperson, secretary and collector per group who would co-monitor each other to ensure timely repayment of loans to ensure the support of other women in subsequent scheme  The strategy would also involve the registration of members, and preparation of membership card to be used as a means of monthly registration. Members would be encouraged to engage in a regular meeting to ensure effective utilization of the funds, overcoming problems and ensuring the timely repayment of loan.

Final Goal

$15, 000

Fund Raised




1. Provide self-employed, low income women with a rotating Micro-credit scheme.
2. Aid women in economically empowering themselves in order to help improve their standard of life and that of those around them.
3. To psychologically empower women.

The Challenge

    A majority of African private businesses continue to be predominantly informal, dominated by small and micro enterprises. Despite their informality, these enterprises have yielded important benefits. The informal sector has acted as a “regulator of the economy” in times of economic downturns and crises, absorbing much of the shock of periodic economic contraction. It has also absorbed excess labour and provided additional income to people whose real incomes have been eroded. Microfinance offers significant opportunities for African countries to fully unleash the private sector’s potential and contribute to addressing emerging and long lasting development challenges. It is estimated, however, that as of 2007 only around 12.7 per cent of the poorest families in Africa had access to microfinance services compared to 78.5 per cent in Asia.

The Solution

The AYPAD Microfinance Project aims at providing financial services to low income, self-employed people on the African continent. These services will focus on savings and credit, but will include other services such as insurance, payment transfer services and remittances when needed. The project will mostly be for poor women in both urban and rural areas who are excluded from obtaining such services from traditional, formal financial institutions and therefore prevented from improving their lives and those of their families.