TED Talks Daily How repaying loans with social service transforms communities | Angie Murimirwa
Mar 19, 2020
Activist Angie Murimirwa shares a revolutionary approach where loans can be repaid through volunteering rather than cash. She discusses how 'social interest' is uplifting sub-Saharan communities, particularly empowering women and girls. Angie highlights the barriers young women face in education and employment, and reveals inspiring success stories of individuals who have built businesses through mentorship. This innovative model not only helps individuals but also nurtures collective growth within communities, proving it can create lasting change.
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Africa's Challenges and Opportunities
- Sub-Saharan Africa faces challenges like poverty, lack of education, and job scarcity, especially for young women.
- This creates a cycle of poverty and hopelessness, but a youthful population also presents opportunities.
Social Interest: A Tool for Empowerment
- Educated young African women are using their networks and "social interest" to uplift communities.
- Social interest involves repaying loan interest through service, like mentoring or training, rather than money.
Tumaini's Success Story
- Tumaini, from Tanzania, faced poverty and potential dropout but received support and a loan.
- She started a food shop, repaid the loan, and expanded into a motorcycle taxi business, ultimately buying land and building a house.