New Area of Focus! Microfinance!

Aug 19, 2021

New Area of Focus! Microfinance!

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We have some exciting news, in October 2020, 1Heart1Mind started a micro-finance business, Zion Microfinance. This means we now have 4 different areas of focus, the latest being access to affordable micro-finance. We aim to promote financial inclusivity for women and small businesses through affordable lending products and training. Due to the lack of a credit system, high risk in lending, difficulty in establishing credit and extremely high cost of borrowing capital, access to affordable capital to grow a small business can be difficult or even impossible.


The benefits of micro-finance extend beyond the direct effects of providing a source for capital. Entrepreneurs who create successful businesses, in turn, create jobs, trade, and overall economic improvement within a community. One of Zion Microfinance’s main goals is to help poor, vulnerable, small business owners, groups and especially women entrepreneurs in Eastern Uganda who otherwise would have no other access to financial service, to start businesses.


During the last year we have averaged 18 new loans a month. Our team has worked so hard the last year to grow Zion Microfinance and help as many people as possible. We are so proud of them and can’t wait to see the impact they will continue to have!

Blog

28 Jan, 2022
Our main goal at, 1Heart1Mind is to create self-reliance and we do this through 4 areas of focus. Education Healthcare Micro-finance Solar Energy. 2021 brought lots of ups and downs, but our team stuck it out and did their best! In fact, they did pretty amazing. Below you’ll find the impact 1Heart1Mind had throughout 2021. Even though Covid brought its challenges, we were still able to make an incredible difference. So far in 2022, we have more students and staff members than we’ve ever had. With just under 200 students and about 30 staff members we’re ready to have an amazing year. This year we're determined to create more jobs, provide more meals, give more children a quality education, distribute more clean energy and much more! Be sure to follow along to see where this year takes us! Self-Reliance Number of living wage jobs - 23 Education Total number of students - 161 Number of scholarship students - 41 Number of boarding students - 70 Number of meals provided - 54,431 Healthcare - Suncrest Clinic (opened in July 2021) Number of patient visits - 65 Number of patients provided with medication - 95 Number of charitable patients seen - 34 Amount of charitable services provided - $123.00 Microfinance - Zion Microfinance Ltd Average amount of new loans each month - 25 Average number of active loans each month - 135 Total loan amount deployed for 2021 - $958,561 Energy - Go Solar International Number of lights sold - 226 Number of households - 179 Number of additional study hours - 1,700 Amount of customer savings - $641
09 Dec, 2021
Did you follow along our Instagram page to see the new 1Heart1Mind Suncrest Medical Clinic being built? If you missed it, swipe through the pictures just above. The clinic is located on the same property as the 1Heart1Mind boarding school and serves all of the students, staff and surrounding community. The property is in a rural area of Eastern Uganda. There isn't access to quick and easy access to quality healthcare. We believe that everyone should have access to on going basic healthcare. That is why the 1Heart1Mind team built this medical clinic. Hundreds now have the access they deserve. The key to the new clinic is our amazing nurse, Shifa Namataka. She is incredible and such a valuable part of our team. She is very driven and motivated, and can offer over 350 different treatments and services. Since the clinic opened in July, Shifa has had 45 appointments all ranging in different medical needs. We can't wait to see the impact the Suncrest Clinic and Shifa will have over the years. The children start school in January and we know that will be the beginning of this healthcare impact. 51% of people in Uganda don't have any contact with healthcare facilities. Because we are located in a rural area, we are able to help change that number and give people a better quality of life. In 2009, Uganda was ranked 186 out of 191 nations when it comes to healthcare. In 2020 it stood at 158 out of 191. We are just one small clinic, but we can't wait to see the difference made, and lives that will be changed because of it and our amazing staff! We have some amazing donors who made this clinic possible. The generous team over at Suncrest Hospice came together to make this happen. We can't thank you enough! We truly couldn't make a difference without giving people like this. Be sure to follow along our Instagram and Facebook page to see more clinic updates!
28 Oct, 2021
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