Plan UK has seen trumendous succeess with a savings and loan programme launched June 2009 in Ethiopia.

SPREADING THE WORD

Originally, the plan was launched in the village of Genete-Mariam where the program enjoyed tremendous success, mostly with the female members of the community. Women have started businesses and raised the standard of living for their families in several instances. Presently, 61 people in the local community are developing their own businesses and generating an income through the scheme.

The rules that govern the scheme have given priority to women as they are most in need of independant income in this corner of the world. The rules are created by a community organized coalition, they have been learning skills form Plan UK in order to enable themselves to successfully run these committees, skills such as financial management and decision-making and lending policies.

SUCCESS

Amare, a mother of five, says: “I received a loan of 200 Birr (around £10) two months back. I started up a small coffee and salt business. I make a weekly profit of 50 Birr (around £2.60). I cover my family needs – food and stationery - with this money. In the future, I want to increase my saving so that I will have more loans to expand my business.”

Tsegaw Alemu, says: “My group loaned me 400 Birr (around £20). I bought lentils from local farmers and sold it in genete-mariam town for 700 Birr (around £39); I made a profit of 300 Birr (around £19). With the money I rented a room in genete-mariam town for my son to pursue his education comfortably.”

THE FUTURE IS GROWING

A series of advisors based within each village are on-hand to help with any queries as they arise. The three groups now meet on a regular basis with these advisors, there are plans for the groups to join forces and create a larger association. From that point, the groups propose to launch a large-scale grain trading organization.

This another example of Plan UK teaching a skill set rather than simply supplying short term supplies or relief. This program will have long-term positive effects and the potential for growth is evident, people have already spread the word to locally and the scheme is gathering momentum. You can be part of Plan’s ongoing success by sponsoring a child in this part of the world and contributing to the continued their valuable work.