Economic Livelihoods

The Project provided two economic livelihoods programs. The first is a simple scheme to provide loans of sewing machines for students graduating from their sewing course. This has enabled graduating students to start small tailoring businesses in the community. The second is a Savings and Loan program that supports these individuals by providing a simple mechanism whereby they can access simple financial services.

The Program is open to any members of the Mwandi community as a means of investing returns while also being able to access small amounts of credit to further develop their businesses. The groups meet monthly (or more frequently) to encourage one another in their savings while also providing accountability to each other in their loan repayments. Groups act as reliable, small financial institutions and have been vital in helping local entrepreneurs invest and manage their savings.

Powered by WordPress | Designed by Elegant Themes