Women reinvest 90% of their income into the family, compared to 30 to 40% by men. This means women spend more on their children—food, shelter, and education—which creates long-term social and economic gains for their communities. This makes them an integral part of ending the cycle of poverty. In fact, if women had the same access to productive resources as men, they could increase yields on their farm by 20 to 30%.
Before women are granted micro-credit loans from Self-Help they must successfully complete a six-month training program teaching basic business guidelines (how to determine business income, how to make personal savings for future expenses, and the benefits of reinvesting profits into businesses) and healthy, day-to-day living strategies. Even illiterate mothers who lack formal education or collateral are able to start successful small businesses, and generate a steady source of income for their families.
H4BF has empowered over 500 women to take control of their financial futures.
“My greatest joy from joining the program is my ability to provide health care Julia suffers from Autism]…at first Julia could not do a thing on her own, but now she is able to feed herself…I am confident she will continue to improve.”
Women start with $50 loans, and can gradually increase to $300 if needed to expand their business. Repayment rates average 98%, and the repaid loans are re-invested to offer training and financing to extend the opportunities to more women in need.
Number of women, who are living below poverty line, will be reduced. By the help of H4BF, poor village women will get better quality of life and livelihood, which will be helpful to increase the socially and economically women empowerment. As a result, the future will be bright of these women and their families