Anna: January 2010 Archives

Engucwini's microsolar entrepreneurs have vowed to become the 'microsolar group of the year'. Last year they proved the viability and success of their microsolar business. This year, backed by an ambitious business plan, their lives could be transformed economically.

Engucwini's microsolar entrepreneurs with MLF Macro Ventures Manager John Luwe and colleague Sarah Keith (centre).

In the face of inadequate business capital, the group of 11 female entrepreneurs were one of 2009's success stories, selling close to a hundred microsolar products. On the recommendation of SolarAid, the Micro Loans Foundation confirmed that the group will be funded for a macro ventures programme as well as an increased loan for the microsolar business. Five of the group will now receive individual loans of an unprecedented K100,000 each from the MLF.

This is a fantastic development and will provide a boost in solar power for the region, expand their business and increase their income.

We are not long into the New Year and it already promises to be a thriller here in Malawi. What a good start.