Malawi, Zambia and Zimbabwe are some of the hardest hit countries. Zambia is experiencing the driest growing season in decades, leading to the loss of 80% of its maize crop. Mothers are desperately trying to feed their children, farmers have lost everything and communities are struggling to survive.
Amidst these challenges, women like Susan Namuya are stepping up to lead their families and build sustainable futures. Susan is one out of 93,000 women that MicroLoan supports across Malawi, Zambia and Zimbabwe. There are many more who need our support.
Susan Namuya invested in her farm to grow maize and soya to feed the family. The drought hit her village hard and everything she sowed died. She is seeing how her neighbours and members of the community are suffering; it is getting increasingly difficult to afford food.
Despite having three children of their own, Susan and her husband have taken in two children from the village whose parents weren’t able to feed or clothe them. In 2020, Susan set up a restaurant to diversify her income and not be solely reliant on farming. Over the past four years Susan has built up a small buffer of savings.
With loans and training from MicroLoan, she has a safety net.
Our mission is to empower women and alleviate poverty through financial independence. We provide small loans, financial literacy, and business training to help them build resilient livelihoods.
Savings and Risk Management: We provide training and promote a culture of saving to offer clients financial security.
Income Diversification: We assist in expanding income sources beyond agriculture to provide stability during crises.
Recapitalisation: We offer essential funds to help clients sustain their businesses and families.
Loan Restructuring and Forgiveness: In the hardest hit areas, we are restructuring loans or writing them off entirely.
97% of clients report that they have improved resilience to face emergencies after joining MicroLoan.
We cannot do this alone. Your support will not only help these women and their families survive this crisis, but will build strong and resilient livelihoods that can withstand future challenges.
For just $12,you can provide training on savings and support to build resilience for a woman
$24 can provide a woman with a start-up loan to generate income to feed her family
$120 can provide loans and training for a female entrepreneur for a whole year
$500 can help up to 20 women with start up loans
Please, consider making a donation today. Every contribution, no matter the size, will make a significant impact. Thank you for your compassion, generosity, and commitment to making a difference.
Published on: 02/11/2024
