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Moro women entrepreneurs get 9 million/- capital boost

21st January 2013
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Mariam Lugoha (L), a member of Luhembe women entrepreneurs in Kilosa District, Morogoro Region, displays money presented by District Commissioner Elias Tarimo (2nd-L) on behalf of Vodacom Foundation as a loan through ‘Mwei’ Scheme run by the foundation. The interest free-loan will be paid back to the lender through M-Pesa. Witnessing the event are the foundation manager, Grace Lyon (R), Ally Mbuyu (3rd-R), also from the foundation, while extreme (R) is ward executive officer, Richard Kigave. (Photo courtesy of Vodacom)

More than 150 women entrepreneurs in Luhembe village, Kilosa District, Morogoro Region, have received interest-free loans from Vodacom Foundation, through the M-Pesa Women Empowerment Initiative (MWEI).

 
This is the first time the women in this village received the loans, which ranged from 5,000/- to 100,000/-. More than 9 million/- worth of loans was granted, with the women pledging to use the loans to boost their businesses as well as boosting existing ones.
 
Commenting about the new development, Vodacom Foundation Manager, Grace Lyon, said that MWEI project aims to uplift women entrepreneurs through M-Pesa, adding that since the kitty was launched in 2010, a total of 42 villages have benefited from the project. 
In Morogoro Region, four villages have so far benefited from MWEI, among them Luhembe, Mkuyuni, Kimamba and Mkamba.
 
“Women are the face of the family, and supporting them is supporting the entire family also and the society at large,” said Lyon, adding, “I urge all those that have received loans to make good use of them in order to repay them in time and without any struggles.”
 
On his part, Morogoro Regional Commissioner Elias Tarimo, expressed his gratitude to Vodacom for its continued commitment in fighting poverty and supporting women entrepreneurs countrywide.
 
“This is no doubt a great chance for all of you to eliminate poverty. I urge you to observe the terms and conditions of this project in order to continue benefiting in days to come. Also, make the right investment choices so that you are able to repay the loans,” said the Regional Commissioner. 
SOURCE: THE GUARDIAN