Small business loan launches a fishing start up

How a $250 loan for fishing equipment drove long term impact for a Widow and her children

Who: Bumi, widowed mother of 6

Where: Snake Island, Nigeria

Background:

  • Widows are denied access to their deceased husbands’ assets
  • Widows are ostricized from their communities and have no support

Solution:

Ripples Women’s Enterprise Program grant which includes training, ongoing guidance and a $250 loan to set up a business

Impact:

  • Bumi is a flourishing shrimp trader
  • Her 6 children are back in school within 2 years of receiving support
Small business loan launches a fishing start up
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