Youth microfinance pilot begins with 17 girls in Blantyre
MASYAP has extended its microfinance scheme to young women. 26 girls will take part in the pilot, starting with 17 from around Blantyre.
MASYAP has begun extending its microfinance scheme to the young women we work with. In total, 26 girls will take part in the pilot.
Training first
This week, 17 girls from around Blantyre completed two days of business training. They learned the basics of running a business, including cost and profit, and how to keep track of and repay a loan. The girls took a full part in the training, and the scheme is off to a promising start.
The loans
At the end of the training each girl received a loan of around $25. As in the main scheme, the loans are repaid monthly over four months before further loans are given.
- 26girls in the pilot
- 17trained in Blantyre this week
- 9more to be trained in Makwasa next month