Group Name: Mwaiwathu
The Mwaiwathu (“our fortune”) group was one of the first credit groups established in the Mulanje district. When the district branch was opening, one of the loan officers came to the Nkando trading center, which is the largest in the district, for an information meeting. These ten women got together and formed the group.
Even though there are several other lending organizations in the area, MicroLoan was the first to establish a presence. The good reputation that MLF has, along with the positive experiences these women have had with their loans keep the women loyal to MicroLoan.
There are two other MicroLoan groups in the Nkando village – they formed when they saw the successes that the women in the Mwaiwathu group were having. They have a variety of businesses, including selling fish, donuts, and chickens and running shops in the trading center. While they had the businesses before taking the loan, they have been able to increase the size and through the training, “we have been able to develop our businesses.”
The women very much admire what MicroLoan Foundation does, and others in their village want to join because they have seen how successful these women have been.