Ryerson Entrepreneur Institute, Turning Ideas Into Reality - Located in Toronto, ON

Project Dago – The Microloan Initiative

Dago is a place with limited jobs and limited resources, where people die young and children are starving. People donate money or goods, but once these resources run out, the community is left where they started. Often the only place women in Dago can make money is in the local market by exchanging goods and services. With no credit, land, education, or possessions, Kenyan women are entrepreneurs out of necessity, struggling to pay for school and feed their children, let alone save or build capital. To address this need, we worked hand-in-hand with the villagers on to help them achieve business education and financial literacy. We then created a Microfinance Program modelled after the Grameen Bank and microloans. These women have now started over 40 businesses in the community, since the project’s inception. They meet weekly to keep each other accountable, share best practices and complete our weekly education packages. Every year, the payments from the microloans are paid back in full and recycled to new entrepreneurs, making this initiative internally sustainable.

The Team

  • Sandra Leutri
  • Darlene Macalino
  • Nancy Pham
  • Erica Wright
  • Shawn Gaviola
  • Ahrooran Paramasivam
  • Vina Quiambao

The Participants

  • Long-term thinking
  • How to budget
  • How to save money
  • How to invest in your business
  • Product Differentiation
  • Market Segmentation
  • How to brand your business
  • And much more!

Team Members

  • An international experience
  • One-on-one mentorship
  • Business knowledge
  • Real-life business consulting experience
  • How to measure and track metrics
  • The satisfaction that comes with genuinely helping our fellow human beings

Project Dago - Microloan Initiative has had the following impact

individual-150x150

Empowered 200+ Kenyan women

profit-150x150Issued 40 Microloans

newjob-150x150Helped Start and Expand 40+ businesses

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Our Address

Ryerson Entrepreneur Institute
575 Bay Street (entrance at 55 Dundas West) Room TRS 1-007
Toronto, ON M5G 2C5
Phone: 416-979-5000 ext 7085
Email us at info@ryersonentinstitute.org