By Sarah Seltz | Development and Sponsorship Coordinator
Thank you for making 2016 an amazing year and for celebrating Nyaka’s 15th Anniversary!
Your grandmothers are especially thankful for all of the love and support you have shown them through your generous donations. Last year a total of 18 homes were built along with 25 kitchens and 25 latrines! There were also two more homes identified at the end of the year that will be receiving new kitchens and latrines. Construction is planned to begin in February. These are the homes of two children at Kutamba Primary School, both whom are living with HIV and being raised by grandmothers.
It was also a very successful year for loan disbursement and recovery. The total loan amount in circulation right now is UGX 305,822,700 ($92,673 USD) and is distributed between 79 granny groups. In 2016, microloans worth UGX 265,000,000 ($80,303 USD) were disbursed to 62 granny groups and loans worth UGX 234,301,300 ($71,000 USD) were recovered by the end of 2016! The grandmothers who receive microfinance loans are able to sustain their homes and even repay their loans quickly.
This year, the Grandmother Project will be supporting 7,001 grandmothers in 92 groups across Uganda:
Your grandmothers and the children they are raising say “Mwebale Munonga” (thank you very much). We can’t wait to see what you make possible this year!
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