Of the 770m people in the world that are estimated to be ‘extreme-poor’, around half reside in Sub-Saharan Africa. Experience has shown that many people lack the business skills and financial literacy, as well as access to capital, financial institutions and markets, in order to generate enough income to break out of poverty.
Village Enterprise runs a one-year poverty graduation programme, providing seed capital and training to help people living on less than $1.90 per day in rural East Africa to break the cycle of poverty. People in the programme organise into groups of three to start businesses and learn skills that help them earn additional income to take care of their families.
Grants Awarded: $400,000
Start Date: May 2018
End Date: Ongoing
Region(s): Kenya & Uganda