We provide small loans (otherwise known as microloans), basic business training and continuing guidance to groups of women in sub-Saharan Africa. This enables them to develop self-sustainable livelihoods, feed, clothe and educate their families, and work their way out of the poverty trap. We now have twenty offices in Malawi and have made microloans to 17,000 women. We have recently begun operating in Namibia and Zambia as well.
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How does credit access compare to other services?
From CGAP:
How does credit access compare to utilities like water/sanitation and electricity?
According to the CGAP’s report Financial Access 2009, 40% of the world bankable population has access to savings or credit accounts.
This is much lower than:
- basic sanitation: 60%
- mobile phones: 68 %
- electricity: 78%
- safe water: 83%
- basic medical care: 84%
