In November 2012 we gifted £3,000 (7.5 Million Tanzania shillings) to a group of 5 female entrepreneurs.
They own the business jointly and have committed to manage the investment and pay back the initial loan over an 18 month period. As the investment money flows back into the community fund, this will then be re-distributed to members of the community for their entrepreneurial initiatives. Again, these individuals will be expected to payback the gift to the community fund.
In addition to the 5 female entrepreneurs, we have 2 local trusted MOE friends who oversea the community, they work in partnership with the local government/community leaders but this fund is independent of this team of people to ensure the integrity of this social venture. We hope as the years unfold, this model proves to be a viable, sustainable and ethical way in which to aid people in poor rural communities to teach themselves skills that have a positive and lasting impact on their families and the local community.
The chicken farm has gone from strength to strength and now has over 400 birds and is sustainable.
You can read more about the GOMAD 2012 in our blog
For more information on the MOE Tanzanian hub or the strategy, thinking and philosophy behind this approach, please do not hesitate to contact email@example.com.