Economic Development & Women Empowerment
Only broad, sustainable economic growth creates opportunities for employment that can move large sections of the population out of poverty, particularly for women and the youth.FARIAD’s Economic Development and Income Generating Activities (IGAs) has been in the form of non-formal programmes targeted at vulnerable and marginalized women including the youth both in and out of school. This programme is designed to acquire the practical skills, knowledge and understanding necessary to directly enter certain marketable occupations and trades.
The programme contributes to Ghana’s Poverty Reduction Strategy (GPRS) to help improve the living standards of the poor through job-creation. The economy of Ghana has posed substantial employment challenges to the Nation, but the FARIAD’s economic empowerment programme has provides critical services to help women and the youth with jobs.
We promote economic development in a range of different areas. In many cases, we provide skills training on non-farming activities such as cassava
processing (Gari), palm oil and palm kennel extraction, dressmaking, textile design and printing, home management, hairdressing, food processing and preservation, soap, talcum powder and pomade making and Jewelry making.
In addition to the skills training, FARIAD provides training on entrepreneurial skills, including management, accounting, bookkeeping and business plan preparation. Micro-Finance plays a valuable role in facilitating credit access for all the women and youth beneficiaries who successfully complete the training programme
Beneficiaries are divided into cooperatives and start-up loans/ micro-credit are made available to them through their cooperative executives. This is expected to facilitate the implementation of the trainees‟ entrepreneurial initiatives and smooth their transition out of the project to help them establish their own businesses at the community level. Each cooperative is expected to run a system of microfinance called the co-operative system. In the co-operative system, members‟ contributions are collected based on a shares principle. The money is then loaned to the members with a 10% interest. The dividends are shared among all the cooperative members at the end of the year.
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No.14 Sapele Loop Kokomlemle Accra-Ghana, West Africa
P .O. Box OS 2369, Accra-Ghana
Tel:233 030 709 9882 /Mobile 233 24 31 07 106
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