A group of 18 CRC parents attended a class in the Great Hall to learn how to manage or start a small business, as part of the CRC's microfinance initiative. Case manager Victor Kanu taught the parents how to save money, create a budget, set goals, acquire a small loan, and talk to the bank. The participants are required to create a potential small business plan that they can implement. "This topic of saving is very important," participant Aminata said. "When my husband was sick, no family members came to our aid or contributed, and the little money I have, I spent on his operations, medications, and food. Therefore my business collapsed, because I was not saving money."
Another parent, Mamie, said, "I used to save my money under my bed in a cash box and people will steal it. With what I have learnt today on saving, I am planning to save my money in a better way."
Graduates of the microfinance class receive a small start up loan to invest in a new small business, or fund an existing business. The participants, mostly women, are generally engaged in street selling to support their families. By learning good money management, these vulnerable families can become more stable and self-sufficient, so that they can stay together instead of being driven apart by the circumstances of extreme poverty.
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