This is an income-generating project, initially designed to assist single mothers and widows to start small-scale businesses and earn a living for themselves and their families. The program started in 2001, and is based in Mathare Valley. The program started with only five women and now has over 100 members who are fully, engaged in various small businesses activities within Nairobi City. The program has expanded to support more members of community regardless of gender, and currently targets women, youth and men. The program also offers business skills training to the current and potential members. Other services provided are businesses counseling follow up and day to day advice on any problems that arise.
Mavuno has seen some reorganization with a new strategy being written by the finance team to help revamp and maximize its interest growth. We hope to launch the new strategy by February of next year.
Mavuno microfinance small business loan project
In April of this year, Mavuno Microfinance hosted Jitegemee, an Organization from Machakos that works with street children. Jitegemee provides vocational training and issues them soft loans to start out their businesses.
In a four day Microfinance Networking Workshop both organizations shared and learnt new ideas in the operations of Microfinance. On the last day of the workshop, both organizations visited with Jamii Bora, a Microfinance which is well known in Kenya.
This Networking workshop was funded by the Oswald Family foundation, which has been supporting both organizations. This workshop was facilitated by Crosscurrents International.
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