THE Ministry of Social Welfare, Women and Poverty Alleviation has established a partnership with Home Finance Company (HFC) which will assist local women groups in setting up businesses.
Minister for Social Welfare Dr Jiko Luveni said the partnership would make it easier for groups to back up financial needs by providing easier access to microfinance loans.
A statement from the ministry stated women’s groups may be given a $2000 loan to start-up and could reapply for another $5000 loan on a two-year term once the first loan was paid off.
She said women’s empowerment needed voices of influence…
Finance company to assist womens groups