Causes: Economic Development, Microfinance, Rural Economic Development
Mission: The BOMA Project implements a unique poverty graduation program that helps ultra-poor women in Northern Kenya overcome extreme poverty. We help provide women with business, financial and life-skills training so they can earn a sustainable income, survive drought, pay for food and medical care, send their children to school, and accumulate savings for long-term family stability.
Results: Since 2009, BOMA has impacted more than 116,892 women and children, and launched 6,030 businesses and 1,030 savings groups. Our goal is to lift 1 million women and children out of extreme poverty by 2022.
Target demographics: Women and families living in extreme poverty in Northern Kenya. When we begin working with them, 99 percent of BOMA entrepreneurs live on less than $2.50 per day (the poverty line), while 88 percent live on less than $1.90 per day (the extreme poverty line).
Direct beneficiaries per year: In 2017 we enrolled 4,555 women, supporting 22,775 children— nearly twice as many as in 2016.
Geographic areas served: Laisamis, Loiyangalani, Marsabit and Samburu Districts of Northern Kenya.
Programs: Our cornerstone program, the Rural Entrepreneur Access Project (REAP), provides a seed capital grant, business skills and savings training, and two years of hands-on mentoring by local BOMA Village Mentors to business groups of three women. Once businesses are established and earning profits, we help them to assemble committed savings associations for business expansion and individual interest-bearing loans.
Mission: The BOMA Project implements a unique poverty graduation program that helps ultra-poor women in Northern Kenya overcome extreme poverty. We help provide women with business, financial and life-skills training so they can earn a sustainable income, survive drought, pay for food and medical care, send their children to school, and accumulate savings for long-term family stability.
Results: Since 2009, BOMA has impacted more than 116,892 women and children, and launched 6,030 businesses and 1,030 savings groups. Our goal is to lift 1 million women and children out of extreme poverty by 2022.
Target demographics: Women and families living in extreme poverty in Northern Kenya. When we begin working with them, 99 percent of BOMA entrepreneurs live on less than $2.50 per day (the poverty line), while 88 percent live on less than $1.90 per day (the extreme poverty line).
Direct beneficiaries per year: In 2017 we enrolled 4,555 women, supporting 22,775 children— nearly twice as many as in 2016.
Geographic areas served: Laisamis, Loiyangalani, Marsabit and Samburu Districts of Northern Kenya.
Programs: Our cornerstone program, the Rural Entrepreneur Access Project (REAP), provides a seed capital grant, business skills and savings training, and two years of hands-on mentoring by local BOMA Village Mentors to business groups of three women. Once businesses are established and earning profits, we help them to assemble committed savings associations for business expansion and individual interest-bearing loans.
communications@bomaproject.org
PO Box 1865, Manchester Center, VT 05255
802-231-2542
Economic Development
Manchester Center
