Microfinance Group Update

Published by Tom Burholt on

September, 2019

We’ve just received an update from the South Sudanese about the microfinance groups! There are a total of 3 groups set up, with 84 people being involved and actively saving each week. The microfinance system is fully functional with loans being taken out and others being repaid. The aim now is to get up to 7 microfinance groups set up!

Mr Losuba Emmanuel

Mr Losuba Emmanuel is a resident of Morobi camp and businessmen operating in Konyo-Konyo market. He said he had difficulties in managing his business but he was excited after receiving business training organised by Projects Delivering Hope, where he acquired basic skills for his business.  He further joined Salvation Saving and Loan association where he was given a loan to buy items for his shop. The loan he borrowed has increased sales and the profit margin of his business.

He therefore encourages his members to continue saving and make loans for better profits in the business.

Categories: Newsflash

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