The Foundation provides small/micro loans to help hard-working poor families and individuals especially women to start and grow their own businesses.
The Foundation also offers business training and technical assistance to our borrowers. By so doing, we build networks of community support and serve as mentors to our borrowers and their families.
Sun Shade Foundations’ project such as the “Sh?medwa” financial support/loan usually $100 to $450), and Business advisory services empower the poor to lift themselves out of poverty.
Qualified volunteers have an insightful, meaningful and enriching experience if they are productive and add real value to the Sun Shade Foundation and its clients.
Sun Shade Foundation through provision of small loans has helped hundreds in and around Kumasi raised their standards of living and protects themselves from economic setbacks. The tragedy is that the vast majority of the region’s poorest people still lack access to these basic financial services.
The traditional banking system requires that a borrower have collateral in order to receive a loan. The region’s poorest people have no such collateral. In addition, traditional banks are not generally interested in issuing small loans - $100 as the interest benefits do not exceed the transaction costs. So how exactly does Sun Shade Foundation work?
First, Sun Shade Foundation utilizes social collateral in the form of peer groups to ensure loan repayment. Borrowers take out loans in groups of three individuals. Read more . . . »»
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