In June 2014, 22 new women were identified as candidates for our Microfinance program and have been provided with the training and loans needed to start small businesses. Alka Subramanian and Sandra Loeb from the Power of Love Foundation participated in the loan disbursement activities held on June 12. The women who received loans were happy, said that they were looking forward to starting a business with the loan capital, and vowed to work hard to make their businesses successful. For most of the women this was their first business venture.
Profile of the New Beneficiaries
The women in this group range from 33 to 65 years of age. Most of them are taking care of several family members with a typical household size of eight, five of which are children. They have chosen to start a diverse set of businesses ranging from grocerie stores (selling the likes of fruits, dry fish, tea, soft drinks, vegetables, Beans, Kapenta, fresh fish,and mealie meal,a Zambian staple), restaurants, hair salons, and used clothes/shoes outlets.