Power of Love’s (POL) microloans program empowers women impacted by HIV and AIDS to take their first steps toward self-reliance. By learning basic business practices, our new women entrepreneurs are better equipped to run small businesses and are therefore able to take better care of their families. The POL program is located in the community of Matero, in Lusaka, Zambia.
Microfinance for Women
Dear Power of Love friend,
We are celebrating women everywhere by adding 50 new women to Power of Love's microloans program. Last week, all 50 newcomers completed the first requirements to qualify for a loan: a week-long business training session plus a completed business plan.
Micro Loans Program
Business training and loans empower women to take care of themselves and their families.
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.
Power of Love’s micro loans program now has 240 women enrolled and the majority of them are running successful businesses. The businesses chosen by the women are quite diverse and range from groceries (mealie meal - a Zambian staple, cooking oil, rice, sugar, eggs, fruits, vegetables, and beans), to dressed chicken, dried fish, charcoal, baby blankets, books, restaurant, and a salon etc.
While designing our microloans program in 2005, one of the questions we repeatedly asked ourselves was we envisioned for the project We wanted this program to do more than provide business training and loans to women in the community of Matero, in Lusaka, Zambia.