Emerging Financial Opportunities for Disadvantages PDF Print E-mail

Wise up program provided ETB 60,000 in each and a total of ETB 240,000 seed money for four newly organized cooperatives in Adigrat, Alamata, Jimma and Debre Markos to start cafeteria and restaurant business opportunities. These cooperatives has organized an income generating associations (IGA) for a better financial source to themselves and the community.

Wise Up has so far helped in the establishment of sex workers’ cooperatives societies engaged in different income generating activities (IGAs). Currently there are 6 cooperatives in 7 sub-cites of Addis Ababa  and  45 cooperatives and 16 new Self help group (SHG) in all regional sites of Wise Up program.

Wise up program empower sex workers cooperatives in income generating activities to develop their entrepreneurial skill and IGA scheme. For establishing new self help group and cooperatives Wise Up program and partner organizations provided continuous technical and initial capital support.

The Main objectives of the Wise up Sex workers cooperatives/SHGs are to improving the economic status of sex workers’ cooperatives, developing self confidence, self reliance & to enhance entrepreneurial performance of sex workers cooperatives, improving the living standards of sex workers, minimizing and reducing the individual impact of risks and uncertainties while forming cooperatives,

Emerging Financial Opportunities for Disadvantages Emerging Financial Opportunities for Disadvantages Emerging Financial Opportunities for Disadvantages

The cooperatives gained technical follow up assistance from Wise Up ranging from awareness creation & experience sharing to providing temporary operational area & initial capital, as well as assistance in formulating their bylaws and internal rules

Each cooperatives have legal recognition from government body and organized under Cooperative Societies Proclamation 147/1998, implementation of Cooperative Societies 106/2004 and Cooperative Societies Amendment Proclamation No. 402/2004

Last Updated on Tuesday, 08 July 2014 12:17