Earlier in 2014, EWB Calgary made an endeavour to help mico-entrepreneurs build assets and their businesses in Africa. How did we do this? By contributing $6,000 to Rent-to-Own (RtO) in Zambia.
What is Rent-to-Own? Rent-to-Own is an EWB venture that launched in Zambia in 2009. It’s a social business that provides productive assets (such as irrigation pumps and refrigerators) to micro-entrepreneurs in Zambia. By providing access to affordable and appropriate equipment for key business ventures such as farming and food production, RtO catalyzes business growth.
In addition to providing assets, the venture helps clients select equipment, provides low-cost distribution, and tailored financing and training services. By taking a holistic approach to micro-entrepreneurship, EWB helps each client walk away with the assets, knowledge and skills needed to grow their business over the long-term.
Thanks to EWB’s Rent-to-Own venture, entrepreneurs can realize their business potential to help develop and create advantage in their communities.
Want to learn about micro-entrepreneurship in Africa? Check out the Rent-to-Own site.