Microfinance: Helping Women Fight Poverty In Ghana

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Women unlock their safe to collect and distribute loan money to the rest of their microfinance group. Photo by Mikaele Sansone/CRS

Fr. Kevin Feeney, Vice President and Dean of Formation at Mundelein Seminary in Chicago, IL, recently traveled with a group of seminarians to Burkina Faso and Ghana. The trip was part of CRS’ Global Fellows program, a grassroots speaking initiative that draws on the talents of Catholic priests, deacons and seminarians to spread the Gospel message and the mission of CRS in parishes throughout the country. The group visited a women’s fair trade cooperative and a microfinance group supported by CRS.

We travelled to a small boutique which had been made possible by “Collaboration with Women in Distress” (COLWOD) a charitable organization founded to help abandoned women.

Through teaching them skills, tie-dye, batik and sewing, COLWOD enables them to achieve economic independence as well as regain their dignity. Every purchase helps to improve a life. With outside help, women are moving together through the paralysis of poverty and the impasse of social stigma to a new life, one of dignity and possibility.

A road trip to Yendi followed, bringing us to the residence of Bishop Vincent Sowah Boi-Nai, the ordinary of Yendi since its inauguration ten years ago. After leaving our meeting with the bishop, we visited a SILC (Savings and Internal Lending Community) in Yendi. There, two groups of women engaged in a well-organized, spirited and dignified display of collaboration designed to benefit all.

They engaged in paying back loans taken to finance small business ventures. They also engaged in saving, not only for each individual but for the well-being of all in the community. (All donate to a “social fund for welfare activities” from which members can draw in times of special need.)

CRS funds the training of the supervisors; all other funds come from the women themselves. In this country, as in many others, it is the women who are most paralyzed by poverty. With SILC, women are breaking through to a new place of possibility and hope. The women’s collaboration is yielding the added dividends of improved family lives and community relations. Greater prosperity is bringing a fragile peace to this place.

The healing of the paralytic in Mark’s Gospel (Mark 2:3-5) interprets, to some degree, the experience of the poor in Burkina and Ghana: with some help from friends at CRS and elsewhere, important breakthroughs continue to occur. People who were at an impasse now move more freely and with greater dignity and possibility. On another level, we visitors also find ourselves in the place of the paralytic, carried to the feet of Christ, who lives in the poor here. Here we find blessing, healing and new possibility.

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2 Responses to “Microfinance: Helping Women Fight Poverty In Ghana”

  1. Menelik Senah Says:

    GIMPA DLC Upcoming Programmes: October – December, 2009

    Dear All,

    Please find below upcoming programme organized by the GIMPA Distance Learning Centre for your information:

    Forum Title: Africa Local Government Action Forum (ALGAF VIII)

    The Africa Local Government Action Forum (ALGAF) is a joint initiative of the Municipal Development Program for Africa (MDP), the World Bank Institute (WBI), and the Global Development Learning Network (GDLN).

    ALGAF consists of 10-12 modules per year. Each module is presented from 08:00 a.m. to 11:00 a.m. on the first Friday of each month excluding January.

    Dates: October 2 – November 6, 2009

    Module: Local Economic Development and MDGs

    Topic: The Role of Microfinance Institutions for Women’s Empowerment

    Time: 8:00am – 11:00am GMT (Participants are expected to be seated 15 minutes to time)
    Venue: GIMPA Distance Learning Centre, Greenhill, Achimota

    Target Audience:

     Local Government Officials
     Parliamentarians
     Public and Civil Servants
     NGO’s and Civil Society Organizations
     Academics
     Students and interested individuals.
     Private Service Providers

    Kind Regards,

    Menelik Senah
    Admin. Officer

  2. Collaboration with Women in Distress – Life after Abuse for women in Ghana | Half of Humanity Says:

    […] A similar post was written about COLWOD. Visit the Catholic Relief Services blog HERE […]

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