Microenterprise and Microfinance
Small loans to assist low-income people to establish viable small businesses which will improve their quality of life.
Conditions for SEAM Development Support
Before we are able to help a potential Client to establish or grow a small business, we need to know a few things. SEAM’s goal is to support Clients with projects which will improve the living standards of the Entrepreneur and their family. Entrepreneur Clients must be prepared to follow microfinance rules designed to break the poverty cycle. These include learning to save some of their profit and requiring school age students to be studying.
SEAM Management Requirements
1. Goal of SEAM Support
2. Entrepreneur must have a Business Plan
3. Loan Drawdown and Business Support
4. SEAM Accountability
5. Clients children must go to school
6. Client Savings plan for future security and benefit
7. Client withdrawal from SEAM Microfinance
SEAM Financial Management of Client Savings
It is expected in all microfinance projects that the Clients savings money is held by in a separate bank account, and that the staff involved will provide a monthly report on client progress and expenditure.