Recent graduates working in government jobs, such as public school teachers, are often not paid during the first three to six months of employment. Many do not have access to youth loan programs or are forced to pay high interest rates.
We provide low interest rate (10%) youth loans to graduates who do not receive a paycheck for three months or more after gaining employment. We also provide youth loans for activities that will increase opportunities for employment, such as for gaining a motorbike license that is often required when submitting a job application. Our goals are to provide sustainability, the opportunity to learn how to manage money, and that our youth loan program will sustain itself with continuous loan paybacks.
We launched the program in 2014 by loaning Raphael and Lazarous, primary school teachers, $325 each. They bought professional clothes, purchased food, and paid rent for six months prior to receiving their first paycheck. They paid back their youth loans in full within a year and a half.
A one-time contribution of $100 will provide motorbike lessons for one student.
A monthly contribution of $35 will provide one youth loan.