New loans for 149 women and 21 young mothers
After training in bookkeeping, debt, saving and business management, 170 members received microfinance loans.
Empowering women is one of MASYAP’s core objectives, and we aim to reduce poverty among women and young people who are infected with or affected by HIV/AIDS.
Training first
Before receiving a loan, members are trained to manage their businesses. This round of training covered bookkeeping, debt and savings, and business management, to prepare members for the next loans and help their businesses succeed.
- 149women received loans
- 21young mothers from our youth groups
Why microfinance
Microfinance increases self-employment and creates small businesses. MASYAP’s scheme is aimed specifically at women affected by HIV/AIDS who are excluded from mainstream finance. It gives them the chance to start or keep up income-generating activities, increasing their income and wellbeing so they can provide for their families, and reducing inequality.
