Empowering women across Malawi
Whether or not one agrees that microcredit improves sustained income, microloans do enhance women’s economic empowerment through other avenues. Demonstrated benefits include helping women self-support, job creation in the community, greater control of monetary assets by women, and income smoothing.
Women empowerment includes accepting women’s viewpoints or making an effort to seek them, raising the status of women through education, awareness, literacy and training. It equips and allows women to make life-determining decisions through the different problems in society. They
MASYAP, through its Microfinance programme, empowers women financially by giving them interest-free small loans. These women venture into different small-scale businesses which help them to provide for their families.
Ngwelero, Mponda, Balakasi, Mapanga, Nseula and Mmiliwa are the newly established support groups from Zomba District. These support groups have also benefited from the microfinance programme.
The microfinance trainings serve the same purposes of improving both the welfare of poor women and their businesses. The trainings help in reducing of default by women, increase the women’s business success while trainings on how to invest loans helps
This is the first microfinance training in February 2022. The new cycle will run from April to July 2022 where the beneficiaries will repay the loan in 4 installments for 4 months, both the women and youths are given a
Many women are benefiting a lot under MASYAP women microfinance program by starting up their own businesses with the loan they are getting. Some have bought machine to start a tailoring business while others are opening shops and other businesses
October first loan repayments were very promising. The women are doing better in their businesses. Follow-up visits were conducted to the following support groups: Chilomoni, Ndirande, Mkwate, Lunzu and Machinjiri.
After loan disbursement in August, there have been follow-up visits to some of the support groups to see the type of businesses the beneficiaries are running. This assists MASYAP to establish the causes of late repayments.
Having finished the cycle (April- July 2021), in preparation for the upcoming disbursement for the Oct-Jan 2022 cycle, members in both loan and savings program were called in for trainings conducted on the 16th for the loan program and the