CAPITAL FOR LIFE, UGANDA
Capital for Life is a Ugandan micro finance organisation based in the Mukono District, Uganda. Its loans enable borrowers to educate their children, establish and grow successful businesses in their community, and provide opportunities for aspiring entrepreneurs to step out of poverty.
Capital for Life wants to scale its modest loan portfolio to increase the opportunities for its community members, and to help the organisation achieve long term sustainability. Currently there are some 74 borrowers, with loans ranging from US$30/NZ$42 for personal use through to US$150/NZ$210 for businesses.
There is new and unmet demand for loans to buy solar lights (displacing dangerous, expensive and CO2 emitting kerosene) with average loans being US$75/NZ$105.
We are actively seeking your support to raise funds for these solar light loans. Small and large contributions alike are invaluable (and tax deductible) and 100% of all donations go to Capital for Life.
Seed The Change | He Kākano Hāpai is supporting Capital for Life with modest funding, our time, and the development of some supporting infrastructure.
This has enabled:
The development of a growth strategy to achieve sustainability - via a piggery and expanded loan book
A fundraising proposition to support this strategy
A revised Capital for Life website to ensure audience-focused messaging
The securing of an office in a strategic location
An introduction to solar light provider SunnyMoney Uganda
Provision of seed capital to enable additional loans.
How you can help
The simplest and most effective thing we can all do is to donate funds to Capital for Life:
Even small (fully tax deductible) donations, when combined together, make a huge difference. Funding one (or more) average solar light loans would be a real boost
There is an immediate need with solar loan requests that cannot be funded. We're looking for a minimum of US$2,500/NZ$3,600 at this point to cover existing demand
Funds will be lent out again and again, supporting many future recipients
All donations achieve multiple wins: supporting loan recipients; achieving environmental wins; securing significant health benefits by displacing kerosene; contributing to Capital for Life's sustainability; and supporting SunnyMoney's social impact business model as well
Capital for Life has ambitions to scale to help the Mukono community better meet its own needs. Let's band together and help them with their next step on that path!!
Loan for seeds to plant trees
Buys a 2 month old piglet
Solar Lights - 3 lamp set