In order to not just give money to the people of Guinea-Bissau, but give tools and infrastructure for them to make their own money, we decided to fund loans to small businesses. These are primarily for women-led businesses and gives them the upfront funds to purchase the goods to make a business out of. These are only a £200 loan which is then repaid in 10 months of £20 each month and we can then re-use the money again to fund another project.
This is the third micro-credit loan given!
The £200 loan was given to Suncar Balde in Farim to start her business making doughnuts and now also sells fruit, vegetables and motorbike fuel.