Micro Loans For Women Impacted by HIV/AIDS, Zambia

Our Zambian sisters would like to thank you for your continued caring and dedication to support them as they learn entrepreneurship skills and take steps toward self-reliance. In the first five months of 2022, 430 women received training in business. In the upcoming months, our plan is to provide business training to an additional 483 women and new loans to 115 women to bring the total number of number of women trained in business to 883 and the number of active loans to 665 by December 2022. This is in addition to ongoing refresher training, business mentoring, and business monitoring provided. As a result of these program activities most businesses are doing well despite COVID, and rising prices for food and fuel.

Given below are stories of two women whose lives have been transformed since joining our micro loans program. These women are an inspiration for our team. The businesses run by women are diverse and range from vegetables and grocery stands, used clothing, used shoes, blankets, school uniforms, dress making, bed sheets etc. 

Candy (name changed) is 35 years old and the sole caregiver for her mother and four children. She enrolled in our loans program last January, completed business training and received a loan to start a business. Prior to starting the program, she said, “at first I was living in fear to start a business as I’ve never done anything without a fear of failure”. However, she gained confidence during business training and with encouragement from our team, she started selling used clothes. With hard work and application of business principles, (such as sorting used clothes on quality and pricing them accordingly, choosing a good location etc.) her business is doing well. She is on track with repayments on her first loan and will receive two more loans, refresher training, and ongoing business mentoring for the next 18-20 months. Candy is happy that earnings from her business have resulted in a better diet and improved health for her family. In addition, she can now pay for water, electricity, and medicines. She is excited to continue to provide for her family, save more, and become a role model for others in her community.

Sue (name changed) is a 39-year-old widow and the sole caregiver for her six grandchildren. There are nine people in her household (six grandchildren and two children). She has two other children who are living elsewhere and dependent on relatives. Sue enrolled in our micro loans program in Sept 2021. She says that after completing business training she understood how she can increase earnings by purchasing/selling items, such as fruit/grains based on prices and costs. She used loan funds to expand the assortment of seasonal fruit and grains that she sells at the Tuesday market. After successfully repaying her first loan, she is on track with repayments on her second loan and will receive a third loan in the next few months. Currently, Sue is working hard to increase her savings and capital. She is being mentored by one of the graduates of this program. Sue is happy to be part of our loans program as it has helped her put food on the table.

Thanks for giving the opportunity of self-reliance to vulnerable women.

Links:

• About our micro loans program
• Mechanics of this program
• Impact of Our Microloans Program

We are proud of the 550 women enrolled in our micro loans program. Most faced challenges such as, high prices for raw materials, and COVID restrictions that made it difficult for them to keep their businesses afloat and profitable. During COVID, the women devised ways to keep their businesses running and pay for school expenses for their children. Given below are stories of two women who are our role models.

Amy (name changed), age 47, is the sole caregiver for her family of seven. In 2019, when she joined our micro loans program, she had no source of income and was having a hard time caring for her family. Post enrollment, she received business training, and her first loan. She used loan funds to buy used clothing in bulk and sell these at a higher price. Amy, a natural at spotting business opportunities, increased her capital and inventory within a few months. After successful repayment of her second loan, she started selling blankets during the cold season. Earnings from her businesses help pay for food, rent, and school expenses. Her strategy of adding a higher value item such as blankets, paid off and she is planning to add another store soon.Currently, she is on track with repayments on her third loan. We are confident that she will continue to grow her business even after graduating the program. In her words, “because of her business she can smile as she can pay for her family’s expenses”. Amy’s business skills and acumen helped her business grow despite COVID restrictions. She has been saving a small amount regularly and purchased building material to build a new home. She is a role model.

Stephanie’s (name changed) job as a housecleaner did not provide her with enough funds to pay for rent and utility bills. She is the sole caregiver for her five children (ages 12-22 years) and was looking for ideas to increase her income when she was introduced to Power of Love’s micro loans program. In 2019, she received business training and loan funds which she used to start a vegetable stand with tomatoes, carrots, and onions, essential ingredients in Zambian cuisine. Her vegetable stand located in one of the busy marketplaces in the community of Matero in Lusaka, Zambia provides fresh groceries to several homes in the neighborhood. Earnings from her business enable her to pay for food, clothes, and education for her family. Stephanie has repaid her first two loans and is on track with repayments on her third loan. She feels empowered as she is not dependent on others. In Stephanie’s words, “micro finance is a fantastic program providing accessible financial support for women, this has really changed my life. Now I can stand strong and proud because of the help I have received from the center”.

Thanks for giving the opportunity entrepreneurship to vulnerable women.

Links:

• About our micro loans program
• Business Training and New Loans Provided in A Safe Manner
• Impact of our Micro Loans Program in 2021