Knowledge of business skills is critical to business success
Micro Loans Transform Lives of Vulnerable Women
Dear friend: Happy September! Today we would like you to meet Amy, who inspires us every day with her can-do attitude and her willingness to work hard. Amy is the sole caregiver for five children and four other family members. She enrolled in our micro loans program in 2018 when she received business training and a loan.
The mechanics of our micro loans program are as follows:
In March 2019, 209 new women were provided with a four-day business training. These women replaced the women who graduated earlier this year. This implies that in the first three months of 2019, 209 new businesses were started, and the 209 graduates are continuing to run businesses in the community.
In 2018, generous donors helped provide new loans, business training, refresher training, and on-site business mentoring to 400 women entrepreneurs in Zambia. These program activities resulted in a huge and sustained impact on hundreds of vulnerable women and children in a resource poor community in Lusaka, Zambia.
A lot of Good Things Happened in 2018
You Are Empowering Vulnerable Women
Training in Business is critical to success
In 2017, generous donors such as yourself helped raise more than $30,000 for Power of Love's micro loans program in Zambia. These funds were used to provide new loans, business training, refresher training, and on-site business mentoring to 400 women entrepreneurs in Zambia.
Judith started selling peanut butter at a roadside stand after she received her first loan in November 2016. Within a few weeks she had to move her stand as she did not have a license to sell on the road. She then started a home delivery business as her customers liked her product. She faced increased competition as more women in her area started making and selling peanut butter.