WE grants have funded the growth and success of Nyaka’s Grandmother Microfinance project in Uganda since 2014, and it continues to create significant impact in reducing poverty for women caring for their grandchildren. Microloans for grandmothers, combined with other support systems such as training, follow-ups, vocational skills, and products, have demonstrated a significant impact on household income. Over the span of 4 years, daily income is increased from as low as $1.06 (below the International Poverty Line) to $2.78 (with grandmother-led families now living above that line), resulting in a remarkable 480% return on investment during the same period.
Meet Kiconco from Uganda
Kiconco Annet, 55, is a member of the Nangara Grandmother group with Nyaka. She cares for her two grandchildren, Manige Rebecca (14) and Twinamasiko Timothy (12). She is a leader, as treasurer of her Grandmother group, entrepreneurial, and business savvy.
Kiconco has attained agricultural skills and improved her farming practices, leading to increased yields from her garden. Kiconco obtained a revolving microloan of UGX 200,000 (about $53) from Nyaka which she used to buy quality seeds and organic pesticides. She grows cabbage for family consumption and sells the surplus for income.
Kiconco has also invested in a successful brick-making venture, thus diversifying her sources of income. Brick-making is not a common business for grannies, particularly because of their age. Kiconco is stronger for her age, saw an opportunity, and is the first granny Nyaka has had in their program with a brick-making business. She operates her own kilns and hires others to do the labor of the brick work until the point when the bricks are ready for sale, which she handles herself. Brick is a common building material for houses in Uganda – for those who can afford it – as it is more durable than mud walls.
Kiconco Annet appreciates the support she and others have received through the Nyaka Grandmother program, noting the impact on their well-being.
“Thank you… for thinking about grandmothers and changing their lives,” she says.