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
On 11th march we had 12 members from savings program from the following support groups: Alasala, Makwasa, BCA, Chiradzulu and Mtendere. These youths were trained on the importance of saving for future use. The facilitator emphasized on the need to
Following microfinance trainings, the latest loan disbursement occurred on 10th and 11th of March 2021 for the loan program and the savings program respectively. Youths were trained by Mrs. Comely Chinseu, a facilitator from Opportunity Bank. On 10th march we
MASYAP in partnership with Opportunity International conducted a 2-day for the members that are on the loan and savings program on 9th 8th of February 2021 respectively microfinance training with the aim of empowering the members financially as well equipping