Fishing

PROLASA’s microfinance project lends money to village men who would like to start a career as fishermen. Since lake Kivu is rich in a type of small fish known to locals as “sambaza” this project helps to add not only an industry but also a protein-rich, sustainable food source.

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Need: On the island of Idjwi, two expensive pieces of equipment are needed for fishing. first a pirogue (boat) and second fishing nets.

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Process:  In order to get a microloan from PROLASA, the local entrepreneur must have one of those two pieces of equipment in their possession– either a pirogue, or a net. The boat or net that they own, is then used as collateral, or a guarantee that the money given for the second piece of equipment is paid back to PROLASA. The men fish at night and then the women (usually wives and daughters) sell the fish at either the main market a few hours walk away or in the local villages, or at the small market that gathers at the fishing village.

 

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This project has show much promise and success.  We continue to support the local fishermen in their new fishing ventures.  If you would like to contribute to PROLASA’s microfinance program please visit our Contributions page.