A32. Micro-businesses in Zambia

Street vendors in Kigali

Background

Street vending activities contribute to the livelihoods of millions of people and to national wellbeing at large, especially in developing countries. This sector, however, has been undermined by policymakers who perceive street vending as a liability rather than a potential. Hence street vendors are exposed to various challenges. In Kigali capital city of Rwanda, many women on the streets are single mothers who lack formal jobs and enough financial capital to start official businesses and the only available and affordable option for these women is to walk around the streets with small baskets full of fruits and vegetables on their heads trying to feed for their families. It is a common sight on the streets of Kigali to witness running battles between village and sector security personnel and women vendors with baskets on their heads and children on their backs. Government has also over time built mini markets that are somewhat affordable so that street vendors can be accommodated and do business there as a solution to curbing rampant vending mainly by mothers. The Human Rights and Science through it’s branch in Rwanda (RISERWANDA Ltd) aims to provide small loans to the women who already joined the constructed market around Kigali at low interest and to encourage others who remained in street to join the market.

Approach that will be used

The target group will be Women selling the fruits and vegetables (Former Street vendors in Kigali City). By providing the loan to those women, they will ensure being stable in the markets and have a regular income and survival of their families. In addition, this will boost the initiative of the government to eradicate poverty and job creation. The following will be the steps:
– Consultation of the market leaders
– Assist the women who joined the market to make groups of 4-7 members.
– To empower women with the skills related to loan management.
– To disburse small loan to women in their respective groups
– Recovery of loan disbursed.

Target market:
Women selling the fruits and vegetables (Former street vendors in Kigali City)
Loan amount:
50,000 Frw to 200,000 Frw
Loan term:
6 months (Weekly payment)
Interest rate:
10%
Grace period:
1 week following the disbursement week
Repayment frequency:
Weekly

Outcome challenges


Activities

  •  
 

Outcome

 

Finances, K.

First installment of EUR 2,000. requested in May 2024 and transferred in June.

Loan paid.

Loan payment to start in xxx.

Second instalment requested of xxx requested in xxx.

Total request xxx                   EUR xxx

Lessons learned

 

REPORT

POINTS

 

Company name

About the business

CEO

xxx xxx

 

Outcome challenges

 

 

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Activities

 

 

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Finances, K.

First instalment of Kxxx (EUR xxx) requested mid 2023 (month xxx).
Loan paid xxx.

Loan re-payment to start in xxx.
Loan and interest re-aid xxx.

Second instalment requested of xxx requested in xxx.

Total request xxx                   EUR xxx

Finances, K.

First instalment of K2000 ($111). requested in xxx 2023. Loan paid.

Loan payment to start in xxx.

Second instalment requested of xxx requested in xxx.

Total request xxx                   EUR xxx

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Annual reports

2024