Holt Children Services' Project (2020-2022): Empowering Single Mothers
This project aimed to improve the income and quality of life for single mothers through economic empowerment initiatives. Key activities included supporting business startups, maintaining financial records, increasing profits, and enabling access to education, healthcare, and daily meals.
Major interventions involved financial literacy classes, business clinics, formation of VICOBA (Village Community Banks), and linkages with resource organizations for capital and marketing support. These efforts resulted in a 30% increase in profits, a rise in daily savings from Tsh 450 to Tsh 2,636, and high levels of self-sufficiency: 94% could pay for education, 22% for health insurance, and all could afford two or more meals daily.
Business sustainability was evident as all businesses kept records, and women diversified assets such as land and housing, expanded businesses, and registered legally. Challenges like limited funding, COVID-19 disruptions, bureaucratic barriers to district loans, and strict bank loan criteria were addressed through collaboration, donor support, and the formation of VICOBA for individual savings.