Women’s poverty lies at the heart of their marginalization and oppression. For women to become active citizens and have their rights respected and needs met, their economic empowerment needs to be guaranteed. SSDO initiated The Jacob’s well project in 2016, to provide micro-credit to female-owned small businesses, in a bid to help women achieve financial independence, encourage financial inclusion and reduce poverty.
Loans are given to empower the woman who must be members of a duly registered cooperative.
The verification exercise is an activity which is carried out prior to the giving out of loans to cooperatives. During the exercise, the SSDO staff visits the women in their places of business to monitor their activities.
To equip the women on core skills needed to grow their businesses, SSDO conducts periodic trainings on business skills, cooperative management and book keeping.
As part of the project goals, the women are given micro credits on a periodic basis to assist them in growing their businesses.