Power of Love’s micro loans program is located in a community where most residents live on less than a dollar a day. The direct beneficiaries of this program are women (many are grandmothers caring for multiple orphaned grandchildren) and children as they have been disproportionately impacted by the HIV and AIDS epidemic in Africa.
Power of Love’s (POL) microloans program empowers women impacted by HIV and AIDS to take their first steps toward self-reliance. By learning basic business practices, our new women entrepreneurs are better equipped to run small businesses and are therefore able to take better care of their families. The POL program is located in the community of Matero, in Lusaka, Zambia.
In June 2014, 22 new women were identified as candidates for our Microfinance program and have been provided with the training and loans needed to start small businesses. Alka Subramanian and Sandra Loeb from the Power of Love Foundation participated in the loan disbursement activities held on June 12.
Power of Love’s micro loans program now has 240 women enrolled and the majority of them are running successful businesses. The businesses chosen by the women are quite diverse and range from groceries (mealie meal - a Zambian staple, cooking oil, rice, sugar, eggs, fruits, vegetables, and beans), to dressed chicken, dried fish, charcoal, baby blankets, books, restaurant, and a salon etc.
You will be happy to know that we now have 230 women enrolled in our Microfinance Program, a majority of whom are running successful businesses.