A Brief Report on the Achievements of Power of Love’s Micro Loans Program in Lusaka, Zambia
As a result of generous donations from people such as yourself, some of the achievements of the micro loans program in the last 12 months are given below:
To sum, as a result of these loans that provide regular earnings to the family, nutrition and diet of the women and their families has improved, due to better health most of the children are back in school, the loan recipients have become role models in their community for both men and other women.
Challenges Faced by the Micro Finance Program
1. Some of the women are not able to make profits from their businesses due to higher prices of food, and for the products they purchase for sale. This has led to delays in their making loan repayments.
2. The women need refresher training on running a business on a continuing basis.
3. In additions for funds for loan capital we are constantly in need of funds for business training, field visits by the loan officer, salary and expenses for the loan officer, and weekly meetings that are an essential element to ensure the success of the micro loans program.
In summary, micro loans program has increased the survival rates of the children in the Matero compound in Lusaka, Zambia through better nutrition, helped children stay in school, and significantly improved the quality of life of their families. This program together with children’s care program is comprehensive as it takes care of physical (food, medicines, schooling), social (environment, culture, religious issues), and psychological (counselling, peer groups) needs of the women and children. In addition, education on adherence and monitoring has reduced the number of children who might have developed resistance to drugs at an early age, leading to an increase in their life span.
The Power of Love program has matured and our focus through 2010 continues to be provision of continuous quality care to the children and micro loans to their caregivers so that they can take care of the whole family. In the next few years we hope to extend the program to the entire community of Matero in Lusaka, Zambia.
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