By Caroline SANG
Poverty alleviation is the conerstone of many microfinance and entrepreneural initiatives the world over.In Mandera and Wajir Couties, Islamic Relief’s goal of improving community resilience, preparedness, food security and empowering of vulnerable pastoralists saw to it that in June 2013, IRK signed MoU’s with 3 women groups that will guide the implementation of the micro credit initiative under a livelihood project funded by IRUSA. The signing of the MoU’s was preceded by community mobilization, groups’ formation and registration with Department of Social Services under the Ministry of Gender and Social services. With clear roles and responsibilities clearly defined for each party, the ground is now fertile to transform lives of the poor and marginalized women of North Eastern Kenya.
Microcredit is the issuance of small loans to individuals or groups for the purpose of starting or expanding businesses. It uses direct engagement with the poor, and looks to the individual and her immediate community to generate economic growth through market-driven business initiatives. It is expected that loans will be disbursed to a total of 1,400 beneficiaries to undertake different income generating activities as well as receive different skills on development training.