LAHI Fund
lahi fund
Empowering Vulnerable Women Entrepreneurs.
LAHI Fund, a branch of the Light and Hope Initiative, is dedicated to empowering vulnerable women entrepreneurs by providing them with the financial support needed to start and grow their own businesses. Recognizing the importance of self-sustainability and economic independence, Sapphire Fund offers interest-free revolving loans to women who have viable business ideas but lack the necessary capital. This initiative aims to reduce dependency on donations, foster long-term economic growth, and improve the quality of life for women and their families in the community.
Target Beneficiaries
The primary beneficiaries of LAHI Fund are vulnerable women, including single mothers, youth, and economically disadvantaged parents, who have viable business ideas but lack access to traditional financing. Many women in the community possess the skills and ideas needed to start successful businesses but are hindered by a lack of financial resources. Traditional lending institutions often impose high-interest rates and require collateral, which these women cannot afford. Sapphire Fund addresses this gap by providing interest-free loans, enabling these women to realize their entrepreneurial potential.
About More
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Investment partners
Our Mission Statement
To empower vulnerable women entrepreneurs with the financial resources and support necessary to start and grow sustainable businesses, thereby fostering economic independence and reducing poverty in our communites.
Our Business Model
Funding Mechanism
- LAHI Fund operates as a revolving fund, where loans are provided to women entrepreneurs with the expectation of repayment without interest. The repaid funds are then reinvested into the fund to support additional women, creating a sustainable cycle of financial support.
Loan Disbursement
- Women apply for funding by submitting their business ideas and plans. The applications are reviewed by a panel of experts at LAHI who assess the viability of the business proposals. Approved applicants receive the funds needed to start or expand their businesses. The fund disbursement is accompanied by ongoing monitoring and support to ensure the successful use of the funds.
Business Support Services
- Beneficiaries receive training in financial management, business planning, and marketing to ensure they are equipped to run successful businesses. Mentorship, Experienced business owners and professionals provide mentorship to guide the women through the challenges of entrepreneurship. Monitoring, Sapphire Africa Foundation monitors the progress of each business, offering additional support as needed to ensure positive outcomes.
Funding and Sustainability
How Is LAHI Fund Funded And Sustained
Initial Funding
To expand and sustain Light and Hope Initiative Fund, we seek partnerships with donors, organizations, and individuals who share our commitment to economic empowerment and poverty reduction in disadvantaged communities.
See MoreSustainability Plan
The revolving nature of the fund ensures that it remains self-sustaining. As loans are repaid, the funds are reinvested in new businesses, allowing the initiative to continue supporting women entrepreneurs over the long term.
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LAHI Fund
LAHI Fund Objectives
- Provide financial support to women entrepreneurs through interest-free revolving loans.
- Monitor and support the effective use of funds to ensure successful business outcomes.
- Foster a culture of entrepreneurship and self-reliance among women in the community.
- Reduce dependency on external donations by promoting sustainable business practices.
- Reduce dependency on external donations by promoting sustainable business practices.