When it first engaged the National Economic Empowerment Fund (NEEF) Limited for a Hundred Million Kwacha loan in 2022, the M&B Company had 83 young and older Malawian citizens on its payroll. The roll has since grown to 250 and the company’s management is optimistic, they are set to go even further. Sheilah M’bobo tells…
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With a loan provided by the National Economic Empowerment Fund Limited, the Ntchisi East Coffee Cooperative is aiming to the next level in Chawala village under Traditional Authority Vuso Jere in the East constituency of the Ntchisi District. 325 farmers make up the group, including 124 women and 201 men. They obtained a K 29,494,000…
Read MoreZig Ziglar once said “Getting knocked down in life is given. Getting up and moving forward is a choice” these words are a true reflection of the life in business of Jonathan Kasonda who is running a Poultry business in Rumphi. He started doing business way back in 2007 and ventured into raising of broiler…
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Zione Tchale, 41, a mother of two children from Chabwera Village, Traditional Authority (T/A) Sitola in Machinga, lost her husband in 2002. She was forced to go back to her home village where, for seven years, she lived a tough life raising her children single-handedly as a jobless widow. After some six years, she decided…
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boosting women-owned enterprises Grace Mapulanga boosted her business with a MK500,000 NEEF women enterprise loan and she now makes a profit of more than MK80,000 per month. Grace Mapulanga, 44, is a business woman who runs a grocery shop in Lilongwe, Area 49 Shire. She started her business with a capital of MK300,000 from which she…
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Slyveria Natowo, 47, is a resident of Malonda Village in Traditional Authority Nkalo in Chiradzulu South. She started by rearing goats that she bought in 2016. Her quest to expand the business and venture into dairy farming failed as banks deemed her unable to borrow due to lack of collateral, credit history, audited financials, and…
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In a country where poverty and inequality remain stubbornly high, the power of a simple, small loan to those that fate and circumstances have disadvantaged cannot be overemphasised. At least that is the impression one gets after interacting with 28-year-old William Mwambila, who graduated from Salima Technical College with a diploma in information technology. Initially…
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