Economic Growth Zambia Project #6597

Micro Loans For Women Impacted by HIV/AIDS, Zambia

by Power of Love Foundation

Micro Loans For Women Impacted by HIV/AIDS, Zambia

Summary

This project empowers vulnerable women by provision of trainings that teach marketable skills. Business training, three loans to start businesses, business monitoring is provided to 550 women impacted by HIV in Zambia. Earnings from businesses started help pay for food, rent, medicines and school expenses. With a better diet families improve in health, and more children attend school. The women become more financially literate, build assets, and acquire leaders skills. Gender equity is improved.

$40,000
total goal

$7,609
remaining

226
donors

1
monthly donor

5
fundraisers

11
years

Challenge

Forty-two percent of Zambia's population lives on less than two dollars per day, defined as extreme poverty by the UN. Low income and a high incidence of HIV and AIDS related deaths, has orphaned thousands of children. These children live with extended families and face malnutrition, neglect, and abuse. Most orphans are cared for by grandmothers who have never been to school, have no regular source of income, and are unable to provide adequate care. These women need education and support.

Solution

Our solution is to provide business training, three loans, and ongoing business mentoring to first time women entrepreneurs. Earnings from businesses help pay for food, rent, medicines, and school expenses. A better diet results in improved health and stable earnings enable children to attend school. Open discussions on HIV encourage women to get tested resulting in HIV prevention. Loan recipients work hard, are more financially literate, and enjoy a higher status. Gender equity is improved.

Long-Term Impact

Loan recipients run profitable businesses, and build an asset base. The diet and health of families improves, more children attend school, more women get tested for HIV, and HIV stigma is lower. In addition, more women save regularly, and open bank accounts. In the long term, the women are economically and socially empowered, resulting in improved gender equity and lower income inequality. The community can break out of the vicious circle of low education and poverty and solve problems.