A women’s savings programme in Malawi supported by Saint John of God, launched by the German organization Kindernothilfe, for poor women in Malawi. The average annual income in Malawi is €250. There are even those who earn less. To help empower women to support themselves, we have created self-help groups.
Women save money together
Each self-help group consists of 15 to 20 women. They come together every week and save a fixed amount of money. Each time one of the women gets a loan from the bank. This will be repaid with interest. So the total savings amount is growing.
Thanks to one of these loans Rose Kaunda was able to start a shop selling meals of chicken and fries. Through her successful business Rose was able to buy her own home within a year. Many of the women focus on the sale of fish, salt, vegetable or soap. Thanks to these women having access to a loan system they are able to send their children to school and build an independent life.