We are so happy about the strides our Business Development Program is making. In today’s post, we share the story of Judith Kachala, a Financially Empowering Microloans (FEM) for Women program cohort 3 member. Judith’s story is a testament to the power of hard work and determination. Read our latest blog to learn more about Judith’s story.
No-Interest Loans for Women in Malawi
Edilina's Story
Gender and Financial Disparities in Malawi
Despite the 1995 Malawi Constitution guaranteeing equal rights to men and women, gender disparities persevere. About 30% of households in Malawi are headed by women. However, women still lag behind in financial freedom. This means that without a partner’s support, female-headed houses are almost always poorer. Women have less access to land, less support in banking, and less time to earn income. Their time is split between domestic responsibilities and income-earning responsibilities.
Orant’s Response
In 2017, Orant launched our Financial Empowering Microloans for Women (FEM) Program. Its goal is to increase income-making opportunities for women. We offer no-interest loans, business mentorship, and banking training. We started by supporting 13 women participants. Since, our number has increased to 28. By the fall of 2022, we anticipate welcoming another group of 10-20 women.
Edilina Joshua’s Story
At age 59, Edilina Joshua is married with 3 children. She runs a tea room where she sells homemade masikono (scones).
“I was one of the first 13 women supported by the FEM program,” Edilina says. “Before Orant’s support, I took out loans from another organization. They charged an interest rate of 20%. Because of this, after long days of toil, I had nothing to show.”
Orant removes the barrier of impossible interest rates. Our FEM Program provides no-interest loans. We give women four months to pay back their loans in equal installments. Since 2017, all participants have paid back their loans in full.
Edilina’s business prospects were boosted after she joined FEM. As a result, her long-term dreams became achievable. She has used her earnings to send her kids to school, buy fertilizer, renovate her house, purchase a goat, and invest in a refrigerator.
“It was hard to make sales from hot drinks,” she says. “But with a refrigerator, I can sell cold water and soft drinks, too. I’m certain that I will make a lot of money next summer.”
From the proceeds of her most recent loan, Edilina plans to buy more goats and pigs. “I want to be independent,” she says. “Once the FEM program phases out, I hope to be able to support my family from animal production.”
Sustainability
Orant plans on registering the businesses of our FEM members. Registration will give business owners access to bank loans after Orant graduates them.
Share on:
The Orant Journal
At Orant, we are committed to supporting local entrepreneurs, especially women. This is what spurred us to start our Financial Empowering Microloans (FEM) program in 2017. However, we came to realize that our program participants needed more comprehensive support to achieve sustainable growth. This is why we are excited to announce the evolution of our FEM program into what we now call Business Development Program!. Read our latest blog to learn more about this evolution.
Every year, March is designated Women’s History Month. In this month, we honour and celebrate women’s contributions to history and contemporary society. In today's blog, we talk with women from our FEM program, and they highlight the roles they play in their families and Kasese community. Read the blog article to learn more!
Learn how to make this favorite Malawian dish, Mpiru Otendera. One of Malawi’s most popular recipes, Mpiru Otendera (mustard greens with peanut flour) is a nutritious and filling recipe that goes well with many meals.
In rural Malawi, pregnant women face many challenges including lack of access to prenatal care, poor nutrition, and lack of safe spaces to deliver their babies. Orant is working to change that with the renovation of our maternity ward. Read about it in this week’s blog.
Read our latest blog to learn more about how our Financial Empowering Microloans (FEM) for Women program serves the Kasese community and helps to lift a heavy burden off the community’s shoulders.
Many women in rural Malawi find themselves stuck in the poverty cycle due to lack of business capital. Our FEM Program works with such women, helping them transform their lives as they become independent. Learn more in our latest blog as Sophelet’s shares her story.
At the end of 2022 we introduced our third group of our Financial Empowering Microloan (FEM) for Women group called Takondwa. Read our latest blog, as Magret Moffat, one of the group's beneficiaries, tells a story of how the program has already transformed her life through loans and business skills training.
As a way of cultivating a saving culture in the FEM Program, Orant requires each cohort to establish a savings group. Why is this important? Find out here.
Insightful thoughts from Tango Phiri on Orant's Financially Empowering Microloans for Women Program.