Starting a business or a project that generates income to sustain a family sometimes can be a daunting task even in developed countries where the access to capital is a little easier that developing countries.
I was explaining to some colleagues today, what Opening Village Doors Foundation does in Kenya. After talking for almost five minutes or so. One of the gentleman looked at me and said, so, what you do is ” A person who wants to start a small business comes to your team with an idea, she gets training on how to implement the idea, she is encouraged to save whenever small she has, after six months, she is given capital to start a small business?” I said, exactly!
As we both looked at each other in agreement, I added one point, ” this are individuals that banks cannot lend money to because they don’t have collateral” he nodded his head in agreement.