Grants Create Jobs, Enhance Quality of Life for Workers
"After reviewing the grants, newly appointed USADF Chairman Jack Leslie stated, 'Funding economic development at the grassroots level is vital to USADF’s work and to the under-served people of Africa. These grants do just that – they provide funding that enables grassroots groups to grow and sustain their projects and give them the means to enhance their quality of life.'”
· Open two new offices – one in Grand Capemount County and one in Margibi County, bringing the total number of counties served in Liberia to six (other counties served are Bong, Grand Bassa, Montserrado, Nimba).
· Hire six new staff for these two counties, as well as one IT person for the main office, with salaries for these seven positions for 18 months.
· A little over half of this grant ($125,000 USD) goes toward LEAD’s revolving loan program. LEAD has three loan programs:
-- Providence Empowerment Initiative (PEI) designed for microbusinesses who have been in existence for six months are given a two day training, save in groups of five businesses, and start with a loan of $100 USD; upon successful completion, they can go to a $200 loan, and then to a $300 loan;
-- Nehemiah Empowerment Initiative (NEI) designed for for small and medium size businesses (SMEs) who go through a 36 hour training over the course of 12 weeks, saving for six months, and then receiving a loan for $300-$1800 US depending on their savings. (Graduates from the first program can move up to this program.)
-- Agricultural Empowerment Intiative (AEI) designed for agricultural development and is a new program that will be be launched with this grant.
· Some funds are also given for training, equipment and other supports.
Please keep this in your prayers as “to whom much is given, much is required.” It is always a challenge in places where poverty abounds to make sure every dollar goes where it is intended. Pray that the staff may be able to handle these additional responsibilities.