Microcredit (MC) Programme

 

DWO’s goal implies of the development at grassroots level of vulnerable groups. In this context, DWO organizes capacity building programs to small entrepreneurs with managerial, accounting and business development skills. The skill imparted to entrepreneurs includes candle making, detergent making, stitching and embroidery, garment cutting, fibre glass, agriculture and livestock related trainings.

 

Saving Mobilization

 

DWO is encouraging and mobilizing its clients to save more for their future as well as for the sustainability of their own organization. DWO's saving procedure consists of following steps:

 

Organize Participatory Community Development Dialogue (PCDD) on saving motivation

Data collection on income, expenditure and extra expenses of the villagers.

Meeting with village organization for the introduction of saving and deposit procedure and passbooks.

Formation of saving groups in villages (separate for male and female)

Monthly collection of savings on and entry into passbooks.

 

And saving amounts are deposited in villager’s personal accounts in the nearest commercial bank branches. The savings mobilization and generation is continued with more efforts by following the given below policy which were finalized in consultation with the communities. DWO continuous to mobilize villagers to save, following steps help in motivating the villagers to save;

 

Monthly meetings

Awareness on resource mobilization and local investments

Voluntarily saving small amounts (minimum GHS 30 per month)

No upper limit of savings as well as age limit for making deposits

Assist VDO to maintain saving register and pass books provided by DWO.

President/General Secretary/Treasurer of the VDO are authorized to operate the account.

VDO should save minimum of GHS10,000 to start internal lending

Lend up to 70% of deposits to members by some internal lending policy of village (if any)