Micro-Loans

Provide Project Microloans (give specific project description in cart if desired)
$
Provide Craft Microloans (give specific project description in cart if desired)
$
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Loans For Business or Residence

Ancient Ways began providing micro-loans as one of the first ways to offer assistance to the rural residents.  For example, the initial donations on the March 2000 visit were used to begin a chicken raising business.  Since that time numerous opportunities to borrow money and earn income have been made available, as well as helping families with a life crisis expense.  All loans have been given with no-interest and so are called ‘soft’ loans.

Microloans are given for both projects, for instance adding a room to their home, as well as entrepreneurial enterprises. Hardship aid is provided for loans and general family support when there is a traumatic event or tragedy. Some microloans have been extremely successful and some have failed miserably.  The hyper-inflation, raw materials availability, and lack of training resources have created challenges above and beyond the norm we can imagine. Our successes have included:

  • A woodworker business (there is a large demand for coffins)
  • Certified maize seed loan to generate great crops (we ask them to repay the loan by contributing maize to our food budget for the preschool)
  • Raw materials for the creative use of textiles and hand work (we have exported many items over the years, this group started with 6 women and now there are over 30 involved)

Other highly successful loans have been provided to staff for such things as:

  • hut building so that male and female children can sleep in separate quarters (many residents unexpectedly receive the children of their siblings due to their death)
  • purchasing goats for meat production
  • buying donkeys to help with plowing

Thank you for your help with this aspect of our projects!