Executive Summary
The Power of Love team is grateful for your continued support and dedication to empower vulnerable women, educate children, and alleviate poverty. Your continued support is building a community of empowered and self-reliant women entrepreneursRationale for a Microloans program and the Impact of COVID
Impact of COVID, climate change: In the past 3-4 years, more countries are facing growing levels of food insecurity and lack of income opportunities due to COVID, climate change, and conflict. One solution is to provide income generating skills and loans/financing to these families.
Malaria in Africa: Since 2000, malaria cases and deaths have been declining in Africa due to the provision of insecticide-treated nets (ITNs) and antimalarial drugs. A decrease in access in either or both would lead to potentially catastrophic increases in malaria morbidity and, mortality within Africa.
A recent report by UNAIDS states that during the last two years of COVID and other global crises, progress against HIV prevention has slowed and millions of lives are at risk. In 2021, new HIV infections fell by just 3.6% the smallest drop since 2016. In Asia and the Pacific, new HIV infections are rising where they had been falling for the past 10 years.
Most women enrolled in Power of Love’s micro loans program are growing their businesses and learning to become successful entrepreneurs. In addition to paying for food, medicines, school expenses for children the women enjoy a stable income, start building assets, and are more self-reliant in taking care of their health and expenses.