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	<title>Drombaya</title>
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	<description>A social business approach to microfinance</description>
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		<title>Our Approach</title>
		<link>http://drombaya.org/new/?p=268</link>
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		<pubDate>Tue, 25 Jan 2011 13:07:45 +0000</pubDate>
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		<description><![CDATA[Drombaya’s  mission is: “To alleviate poverty in Sub-Saharan Africa through  collaboration with Civil Society organizations (CSOs) to offer support  in the implementation of small scale micro financing activities.”
Drombaya  maintains a social business approach. This means that it does not give  grants to partner organisations but loans with interest. They again [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft" title="Street Business" src="http://drombaya.org/new//wp-content/uploads/2009/10/home-main-300x174.png" alt="Street Business" width="293" height="170" />Drombaya’s  mission is: “To alleviate poverty in Sub-Saharan Africa through  collaboration with Civil Society organizations (CSOs) to offer support  in the implementation of small scale micro financing activities.”</p>
<p style="text-align: left;">Drombaya  maintains a <strong><em>social business</em></strong> <strong><em>approach</em></strong>. This means that it <em><strong>does not give  grants to partner organisations but loans with interest</strong></em>. They again  distribute loans in their communities where they have established women  groups. Most of these women live in “extreme” poverty which is  Drombaya&#8217;s target group.  The interest income enables Drombaya to  <strong><em>sustain itself.</em></strong></p>
<p style="text-align: left;">Drombaya <em><strong>started in Cameroon as  a pilot project in 2008</strong></em> and developed into a social business venture since then. As of January 2011, <strong><em>over 750 loans could be facilitated</em></strong> in the South West region in Cameroon and an overall<strong><em> repayment rate over 90%</em></strong> could be maintained.</p>
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