Micro-financing
Disclaimer: This content is for example purposes only, created during the G20 DRR Hackathon by Team MapleByte. A full disclaimer is provided in the footer.
After a flood, many families struggle to rebuild. Micro-financing provides small savings and loans so families can repair homes, buy supplies, or prepare for the next rainy season. Even tiny amounts can make a big difference.
This is important because formal banks often ignore poor or informal communities. Local savings groups fill this gap and keep resources circulating within the community.
How to Put This Into Practice
Section titled “How to Put This Into Practice”- Start a community savings group where members contribute weekly.
- Allow small loans with clear agreements for repayment.
- Use part of the fund for emergency relief after floods.
Example
Section titled “Example”In one settlement, women created a savings group. Each week they contributed a few coins. After floods damaged homes, the group used the fund to buy roofing sheets and nails for the most affected families.