:Title:     Microfinance for social entrepreneurs - a new model in the making
:Author:   Grace  Ayaa
:Date:     Sat, 06 Dec 2008 11:19:19 PST
:URL:      http://www.ned.com/group/lia-global/news/18/

Since November, a lot has been happening at the Life in Africa Foundation camp.After setting up plans to work with many more communities, we also thought that in order for this to work better, we really need a very strong task force of Board members, since we at the moment have almost non( David and Abdul are no longer in Uganda and Christina has resigned from active operation) So with a few suggestions here and there, we have come up with about eight potential members whose names will soon appear here.

At our first ad hoc meeting, there was suggestions that all members coming on board would possibly have to contribute something little as stake holders and that this may later be used as some kind of loan funds for entrepreneurs who would love to borrow for the purpose of income generating activities. This then can become some kind of revolving fund for many others.

As plans were still under way to make this work properly, we already have a potential lender to Wilfried of Amasiko, who has asked the Foundation to manage and monitor this loan for her. This could become the model with which we shall be able to work with others who may need the same kind of services. We would therefore like this space to be where we shall develop the contents of the agreement for Wilfried and his lender.