Microfinance for Economic Develpment

After a while of conceiving the idea to provide needy people support in business and ecomomic affairs, YearOut Africa in contrast to other institutions, YearOut Africa and its partners offers deprived communities with loans and skills development.

Since members don’t have to fulfil high requirements and guarantees; YearOut Africa enables an easy access for everyone especially disadvantaged woman in need which are the target group. Micro finance is a good structure of providing a support through dispensing small, low-interest loans to assist small scale businesses or local individuals and groups to work their way out of poverty.

The project targets those in need of assistance in small schemes, book keeping and give them the head start that they need to empower themselves gradually out of poverty within the community. By doing so, you’ll empower communities, women and youth in particular, to become self-sufficient.

This enables the individuals involved to secure a sustainable future for themselves and their families through small scale entrepreneurship. Vulnerable individuals or groups who participate in the project receive small loans which, over time and with guidance, they will reimburse.

*Introduction of the micro finance loan product and services to prospective small scale sellers at the markets and shops.

*Discussing and evaluating business plans of clients to fully understand the nature of their business activities.

*Interviewing and screening small scale business men and women for a potential loan.

*Managing and monitoring loan accounts of individuals and groups who have already taken loans and many more accounting and business support services.

YearOut Africa volunteers are in luck as their host country is unique and has a lot to offer. You can get your wildlife fix at Mole National Park, where you’ll glimpse the iconic animals which have made Africa famous. You’ll see 90 species of mammals that make their home there, including elephants, hippos, cheetahs, baboons, and antelope. Kakum National Park boasts a suspension bridge canopy walk, and Wli Waterfall offers great hiking with spectacular views. For water lovers, you will find a number of unspoiled beaches and world-class surfing.

Ghana is steeped in history, its impressive buildings a testament to a sad and tragic heritage tied to the brutal slave trade and architecture buffs will have their fill of a variety of structures. Be sure to visit Cape Coast Castle, an impressive white-washed seaside fort where you can learn about the poor slaves who were held there and then carried away from their homes on great ships.

Volunteers in Ghana will also have the chance to explore a vibrant colorful culture. Bustling markets like Kajetia with its 11,000 stalls, are a great place to meet locals and pick up a variety of goods such as the renowned and beautiful wax print Kente cloth fabrics. Ghana also offers delicious cuisine, and a wealth of restaurants, bars and grills to taste the local fare and experience a little nightlife while you are out and about.