One of the world’s leading Manufacturing Corporations, South Korea’s Samsung is funding a community development project aimed at creating sustainable livelihoods and economic independence among the people of Nyarubaka sector in Kamonyi District.
The project which is being implemented by Global Civil Sharing (GCS) a Korean based Nongovernmental Organisation, has already kicked off by disbursing micro-credit loans to farmers with an interest of 4 percent.
“Considering the vulnerable and marginalised state of farmers in this place, we decided to charge only 4 percent interest rate on the loan, such that their activities can benefit them as fast as possible,” pointed Sung Hye Jee the program coordinator.
She added that that supporting local communities develop and improve their livelihoods is central in the GCS activities and they are happy with the collaboration received from the many government levels they have worked with so far.
“One of our central goals is to support people in economically vulnerable positions by giving them a push-start so that they can continue working for themselves to achieve economic independence” she noted
She also added that in their activities they inspire people to team-work and help each other which is implied in the Nyarubaka project title of ‘growing together’
The loans they disburse are for local residents to purchase high quality cows so that they can make more income by selling milk to the collection centre as well as improve their nutrition.
Global Civic Sharing (GCS) has successfully implemented its community development projects, so-called “Livestock Bank” in Vietnam and Mongolia.
In the current phase, $ 8,000 has been earmarked for 12 beneficiaries and Sung Jee added that after this project has accomplished its targets in Nyarubaka it will extend to other parts of the district or other districts.