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Hi, I need help with essay on Sustainability. Paper must be at least 500 words. Please, no plagiarized work!The FTC organization has already been in the Kenyan area for more than a decade, and previou
Hi, I need help with essay on Sustainability. Paper must be at least 500 words. Please, no plagiarized work!
The FTC organization has already been in the Kenyan area for more than a decade, and previous efforts to provide alternative sources of income for women proved effective. However, this entailed giving goats and cows to these mommas so that they could use the milk for nutrition and also to sell. There is only so much growth in this way, and that is why it is now time for FTC to consider some other means of assistance. Microfinance will be a great vehicle through which to improve the lives of regular Chebinie women, and the concept has already proven to be successful in other areas of the world. Of course, that does not mean that it will be successful in Kenya. Some cultural and/or religious considerations will need to be taken into account so that micro financing schemes can adapt to the local people and not the other way around.
One of the key factors that will help determine whether this objective will be successfully accomplished is the rate at which the loans are paid back. Not only will this help develop good borrowing habits on the part of the Chebinie women, but it will also show that their ventures are working. The repayment of the loans forms a vital aspect of the program because that is what keeps the scheme moving along. If any Chebinie women fall behind in their payments or do not contribute to the program, then ultimately the objective will not be accomplished. This also requires complete buy-in from all the Chebinie women involved because they have to be willing to make short-term sacrifices for long-term benefits. The initial process of setting up the program will be critical in this regard because it will have to be communicated to all the women just exactly what is expected of them. As a side effect, there is also the ability to create more of a community atmosphere to the whole process because the Chebinie will be required to work together somewhat.
In the future the main cost drivers will be inflation in the local economy
