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Partnership Grants brain 2004 Africa Asia Latin America Africa Credit Against Poverty brain (CAP), Zimbabwe brain Located in the rural district of Masvingo, CAP provides micro-loans and basic business trainings in leadership, budgeting, costing, marketing, buying, and pricing to rural women so that they may launch their own small income-producing projects. Since 1996, CAP has lent more than 100 million Zimbabwe dollars to more than 7,000 clients. CAP was provided with $13,000 in April 2004 so that they could renew their operating license with the Zimbabwean Government. Once renewed, the funds will be used as follows: $11,000 To provide 110 loans, at an average loan size of US$100, to 110 rural women. Each woman is charged a $3 loan fee which pays for all processing and administration costs associated with the loan, as well as insurance in the case that the loan can not be repaid due to death or illness through AIDS or other.
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