Love Unveiled Ministries offers start-up capital for young women who are faced with difficult financial situations. These are one off grants offered to women who have children and are struggling to raise them or girls who are not restored back to formal education. Women are provided with capital assets like tailoring machines, or raw materials like cloths, sewing threads which they can use to make tradable items like sanitary towels, table cloths, school uniforms and bags.
Having realized that women have a very big role to play in the development of their communities and the nation at large, we started the "Train a woman, train a Nation" campaign, where we teach women hand-on skills to help the start up self-help projects. At our Training center located in Oyoe village, Oyam district, women are trained in tailoring, sewing and crafts making. We also offer basic book-keeping and business training.
Rather than watch the investments we made in the orphans who pass through our child sponsorship program go through the drains, LUM.
Selection Procedure and guideline:
Local leaders (Church leaders) and LUM Uganda local Program Implementation Committee (PIC) identify core small businesses that could produce favorable economic results with potentials of revolving the interest free loan within one to two years to other recipients.
Local leaders and PIC identify individuals with business abilities and spiritual integrity as recipients of the loan.
Each recipient turns in a one-page summary (Condensed Business Plan) describing (i) the nature of the business they plan to start, (ii) Why they thought they should receive the loan (iii) what they should do to help them repay the loan in one to two years so that it can be extended to others, and (iv) a breakdown of the cost elements of the business.
Three (3) months after the loan is issued, recipients shall make periodic (monthly) payments sufficient to pay the loan off in one to two years. The payments shall be made to the leader of the PIC for deposit into a recycling savings account.
The PIC monitors the progress of the Economic Empowerment and provides LUM Missions with quarterly reports.
The PICS forms an Accountability Team among the recipients to ensure that monthly repayment are consistently made and deposited into the recycling savings account.
Record Keeping Requirements: The success of every venture is dependent on good business judgment and sound record keeping. Each recipient of the interest free loan is required to keep records of goods, labor or assets purchased as well as sales made or services provided.
