| |
|
| LATEST NEWS |
- WUAAG Establishes a Revolving Credit Scheme
The revolving credit scheme has been established for WUAAG members. In the past, WUAAG as a support group, has undertaken and continues to undertake a number of Income Generating Activities (IGA). Thus, members have been trained in batik making, mushroom cultivation, snail rearing, bead-work and screen printing. Members have been also trained in basic book keeping skills and thus have been equipped with enormous business skills, which we hoped would go a long way to economically empower the members. Subsequently, the members come to WUAAG three times a week to undertake these IGA and sell the products. Profits realized are divided into two. One half is recycled back into the project to ensure sustainability and the other half is given to the members as their income realized.
Realizing that profits made is not enough to enable the members meet their own needs, much more, the needs of their children and other dependents and discussing this with the members, we proposed the establishment of a revolving credit scheme, where the economic independence of members would be guaranteed as far as possible. Operating under the Grammene System, members have been divided into three groups, i.e. 20 members in each group. For this first quarter, only two groups of 20 women per group benefited. For each group, 10 women received Gh˘200.00 each. They have each invested their fund in an income generating activity of their choice and have started repaying the loan in installments. The other 10 women would only be able to receive their money after their group members have paid back their credit with interest of 10%.
Since the other members would only be able to access the credit facility after their colleagues have paid up, they have been ensuring that their group members pay up. It is expected that there would be competition among them and this would ensure compliance with respect to repayment of the loans among all members.
The interest to be accrued would be put together and given to new members or added on to initial amount received. This is to ensure the sustainability of the project. This project is also being sponsored by AWDF. |
Establishing the need for a website for WUAAG to enable us join, the world net and also attract funding, both locally, and internationally, AWDF has sponsored the development and hosting of a website for the organization. The website is also to be an easy way through which future donors/partners and other stakeholders can reach us and also verify our credibility. This website is also to be an essential part of WUAAG’s engine of growth, especially with respect to fundraising.
Information on previous and current programmes and activities; and summary project reports have also been made available. |
 |
- WUAAG begins effective documentation and archiving of activities and programmes
AWDF has provided support to WUAAG to enable the organization begin the effective and proper documentation and archiving of our activities and programmes. To this end, a digital still camera and a video camera have been procured. A media specialist has also been contracted to produce video documentaries, which are to be a compilation of all video records under various projects and activities. |
- WUAAG Receives Institutional Support
WUAAG has received funding from AWDF to establish a secretariat and to employ a Programmes Office, an Accountant and a Secretary to deal with all financial and technical issues of WUAAG.
A Programmes Officer who is female has been employed and contracted for a period of two years. She is responsible for general fundraising activities and the coordination of all our programmes. She has a B.A. (Hons.) in Psychology & Political Science; and has 5years experience in HIV/AIDS programmes/projects development; project coordination and implementation; project monitoring and evaluation; and project reporting. WUAAG’s programmes and activities have expanded and our membership base has increased.
An accountant with a BSc. in Business Accounting has also been contracted and is in charge of all of WUAAG financial dealings. He has also been contracted for a period of two years.
A Secretary has also be officially employed and contracted for a period of two years. |
|
 Back to Top |
| |
|
|
|
|
|
|