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Women s Development Fund WDF Tagged Articles



9.3.2 The Small Industries Development Organization: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
SIDO, with an office in 20 of the 21 regions of the mainland, is a large provider of financial and non-financial services to MSEs. They have 70,000 credit-delivery clients and reach 300,000 MSEs through their small business training and consultancy services. The key informant from SIDO stated that there is a big gap in the capacity of the organization to meet the demand for credit – of the 71,000 credit applications they had in the system in November 2003 (for loan amounts totalling TShs 27 billion), they will only be able to fund about 10 per cent.

Other Women s Development Fund WDF Related Articles

1.3 Methodology: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
Preparation for the mission involved a preliminary review of relevant research and documentation on the state of economic development in Tanzania, the general environment for SME development, the status of women entrepreneurs in the economy, and barriers to their growth and development.
5.4 Inclusion of women in the SME Development Policy: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
Recognizing that women have less access to productive resources such as land, credit and education due to cultural barriers, and that they stand on uneven ground, the SME Development Policy specifies that gender mainstreaming will be enhanced in all initiatives pertaining to SME development, and outlines the need for specific measures that promote women’s entrepreneurship. These are stated as follows:
16.0 Closing comments: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
In recent years, Tanzania has embarked upon the economic recovery process and is continuing to build upon and address the needs of MSMEs. Key informants from the MIT-SME Section acknowledged the current and future potential of women entrepreneurs and, although seriously under-resourced for the tasks ahead, the SME Section is enthusiastic and committed to working with the international donor community to support this target group. Coordination of all support efforts is crucial. A mechanism for achieving this is recommended – either an officer fully dedicated to the development of women’s enterprise or the establishment of a more formal Office for Women’s Enterprise Development (OWED).
The State of the Microcredit Summit Campaign Report 2006
In 1997, RESULTS Educational Fund, a U.S.-based non-profit organization, organized the Microcredit Summit. The summit focused on catalyzing the international development community to recognize that scaling up microfinance was essential to reaching the Millennium Development Goals and creating a just world.

Five Talents Joins a Consortium of Fellow Christian NGOs to Support Microfinance Program in Sudan
Five Talents, a Christian development organisation supporting microfinance, has joined a consortium of organisations from the Christian micro-enterprise development (CMED) industry to fund a micro-credit program in Southern Sudan. The village banking initiative in the Wau Diocese was started in 2005, providing adult education, local savings mobilization, business development training, small business development investing and rural micro-credit provision.
Old Mutual (OM) Supports Expansion of Women’s Development Bank (WDB) Microfinance into KwaZulu-Natal, South Africa with USD 710,000
Old Mutual (OM), the largest financial services provider in South Africa, recently released a press release announcing a donation of ZAR 5 million (USD 710,000) to the Women’s Development Bank (WDB) Microfinance, a South African non-governmental organization (NGO) that provides micro-loans and training for poor, rural women.
Nigerian Government Creates $426m Microcredit Development Fund
Nigerian President Alhaji Musa Yar’Adua announced the creation of an N50 billion (the equivalent of over USD 426 million) microcredit development fund to be administered by the Central Bank of Nigeria (CBN). The new fund will be used to provide existing microfinance institutions (MFIs) with funding for credit creation and operational expenses.

Old Mutual and South Africa’s Department of Trade and Industry (DTI) Launch USD 12.9M Microfinance Initiative, Isivande Women’s Fund (IWF)
The Department of Trade and Industry of South Africa (previously reported) has teamed with Old Mutual Group’s Masisizane Fund to launch the Isivande Women’s Fund (IWF), financing women-run enterprises in the country.
Old Mutual and South Africa’s Department of Trade and Industry (DTI) Launch $12.9m Microfinance Initiative, Isivande Women’s Fund (IWF)
The Department of Trade and Industry of South Africa has teamed with Old Mutual Group’s Masisizane Fund to launch the Isivande Women’s Fund (IWF), financing women-run enterprises in the country. The new fund is the result of a 2006 study conducted by the DTI’s Gender and Women Empowerment Unit, the International Finance Corporation (IFC), and FinMark. The study found that although women are more responsible managers of credit than men, they only receive 30 percent of loans, with black women receiving the least funding.

African Technology Development
Economic Development of Africa is an international concept, based on large amounts of donor and aid capital being used to fund development projects. The goal of this is eventually to improve the living conditions of the poor as much as possible, and to ensure that this improvement is sustainable. The correct application of this concept causes great debate, and it is continuously refined and revised both physically and academically. In light of the above, I want to give some insight from within Africa.
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