When Deborah Meaden met Enala in 2015, she had received two loans from MicroLoan Foundation and had managed to set up a small business selling tomatoes and fish. Enala spoke of the dramatic change the increase in income had made to her and her family’s lives, most especially, that all her children were well fed and attending school. Having been regularly unable to attend school herself due to the difficult financial position she grew up in, Enala was adamant that history would not repeat itself.
“I can now fend for my family; it gives me hope for the future.”
With MicroLoan’s support, she had been able to increase her profits by 300%, meaning she could afford to send all of her children to school. In addition to that, with the regular business training, Enala was learning the importance of financial planning and saving. She spoke of how she wanted to diversify her business, and make a move towards selling second hand clothes.
Madeleine, our Trusts and Foundations Fundraising Officer visited Kasiyagori in Malawi, to hear how Enala is doing now. Today, Enala receives a loan of just over £100, which is one of the largest MicroLoan offers. She is no longer selling fish and tomatoes but, instead, sells shoes with her husband. With MicroLoan’s support Enala has been able to follow her entrepreneurial ambitions, and has successfully made the move from selling food to clothing. It’s always been one of Enala’s primary goals to be able to support her family, and, with the loans and training from MicroLoan Foundation, Enala has been able to generate enough financial security to do just that.
Deborah Meaden’s philosophy that “even the best ideas often need a helping hand to succeed” is exactly what MicroLoan Foundation believes. Giving hope, not handouts, MicroLoan works with some of the world’s poorest and most vulnerable women enabling them to work their own way out of poverty.