The Blossoms of Goodwill Group Lending (GL) Program
This program is directed to female-headed households located in disadvantaged areas. This target group has traditionally been found to have less access to credit than any other group .
The program is designed to help women on a neighborhood level to start income-generating activities or to expand existing businesses. Loans are extended using the Group Lending methodology, where individual loans are provided to each member of a group of women, and this group contains five women who together undertake to guarantee loan repayment. If one member of the group defaults on the loan repayment, the other members are obligated to repay in her stead.
Program loan sizes start from as low as LE 300 ($52), with the potential for subsequent loans at increased sizes up to a maximum of LE 4,000 ($690). If clients demonstrate their efficient use of the loans, are able to expand their business, and demonstrate its sustainability, they may be upgraded to the Microenterprise category and become eligible for individual loans.
The Microenterprise Individual Lending Program >>>