Microcredit funds with a substantial impact
Self-help organizations and microcredit successfully pave the way out of extreme poverty for more than 1,200 women in Bangladesh
This is aid that is sustainable: thanks to the establishment of self-help organizations, more than 1200 women from one of the poorest regions of Bangladesh could help themselves out of the deepest poverty into an autonomous life without fear for their existence. This was enabled by a NETZ e.V microcredit project, supported by the help alliance with 12,000 euros and accompaniment to its successful conclusion.
Dr. Phillip Billion, Lufthansa Cargo AG, established the cooperation between help alliance and NETZ. In addition to financial start-up aid through microcredit funds, the self-help organizations for women are the cornerstones of the project. These are advised by federations led by the project participants and which accompany them to financial and social independence. Until now, however, there had been a lack of know-how and capital in order to offer support to the self-help groups. It is at this point that the involvement of help alliance began.