It is now the fifth month since we received a grant to support 84 rural women do Table Banking in Boyo Division of Cameroon so they can have independence and leadership in their own destinies. The objective is also to enable rural to fully participate in educating their children.
During an evaluation meeting on the 3rd of May 2021, women testified on much progress they have made and how effective the program is as far as intended goals are concerned. We are encouraged!
Table Banking is a group funding strategy in which members save once per month and the money is immediately borrowed by the members. Table Banking has the following features: Fund is owned by the group; the group set rules and regulations for lending and repayment; members pay interest on the loan which will contribute to higher availability of capital to the group.