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 one month grace period to run their business and start repaying in the following month. In this case, they will have the entire month of March to run their various businesses before their first repayment in April.
The training was aimed at equipping the youth with business management skills. A consultant from Opportunity Malawi Limited, Mrs Cormely Chinseu was invited to train the girls on how they can start businesses, how to assess their market before starting their business. She also emphasized on debt and savings management.
After the training, the 20 girls a loan amounting to MK 40,000 each. They are happy as they will be able to run small businesses and have a sustainable source of income.