Support the creation of micro-enterprises for vulnerable populations in developing countries through access to microcredit and non-financial support.
According to the UNDP, 55% of the population lives on less than CHF 50 per month. Black women are particularly affected, with 47% living below the poverty line. The unemployment rate in South Africa is estimated to be 27%, with 34% affecting black women alone.
The Clothing Bank
200 vulnerable mothers have set up micro-enterprises giving them the opportunity to work their way out of poverty through a two-year training course. The training is provided by The Clothing Bank (TCB) at its new, partially self-financed branch in South Johannesburg.