By Caroline Kandiero
Members of Mwaiwathu Women’s Group in Traditional Authority Likoswe in Chiradzulu district have shared over K2 million in loans through village bank saving project under the Malawi Union of the Informal Sector (Mufis).
One of the members of the group Mervis Kachione, who received K115,000 said she never expected to receive such an amount after saving her money for a year.
“At first, I was never serious with what the group was doing and was only doing it because of my friends were members. And I never understood the benefits. Today, I am happy to receive this bonus and I will use it to boost my business.
Kachione hailed Mufis for coming up with such an initiative in villages, saying it will help more women to become economically empowered.
“The problem we face as small businesses is that we do not have access to bank loans. This initiative has bailed out most of us and has seen more people engaging in various small businesses, “she said.
Mufis General Secretary Mwanda Chiwambala said the initiative is bearing fruits but said there is still need for support from financial institutions.
“If these people are able to borrow among themselves and payback, then that is an assurance that they can payback a bank loan. We need banks to come forward and assist us so that Malawians are able to be self reliant, he said.
Chiwambala said there is need for more capital as demand for doing business is high within the village.
Sourced from " The Daily Times"
There is also a portuguese version of the Blog where one can access personal updates on news and events. It can be found on this link: http://streetnetbrasil.wordpress.com/
StreetNet Newsletter 32 [pdf]
INDIA. DP is irreparable, scrap it, say activists. Times of India (10 April 2015).
TANZANIA. College plans to identify trade opportunities for hawkers. Daily News (10 April 2015) by Ludovick Kazoka.
INDIA. No street vendors, cycle rickshaws in Lajpat Nagar market: NGT. Zee News (8 April 2015) by PTI. New Delhi:
BOTSWANA. EDD is the way to go. Mmegi Online (8 April 2015).
USA. Five Courses: Hawkers' street food flair & more. Creative Loafing Tampa Bay (8 April 2015) by Meaghan Habuda.
INDIA. Hawkers may be allowed near Rishi Kapoor, Anil Ambani's Pali Hill residences. DNA India (8 April 2015) by Amrita Nayak Dutta.
ABU-DHABI. Abu Dhabi Municipality raid scares away street hawkers. Gulf News (7 April 2015).
SINGAPORE. Hawker centres to be spruced up with murals and art installations. Channel News Asia (5 April 2015) by Vimita Mohandas.
MALAYSIA. 'Development will be inclusive'. The Star Online (3 April 2015).
INDIA. 'Street vendors denied right to livelihood'. The Hindu (1 April 2015) by K.N. Umesh.
StreetNet International is an alliance of street vendors. It was launched in Durban, South Africa, in November 2002.
Membership-based organizations (unions, co-operatives or associations) directly organizing street vendors, market vendors and/or hawkers among their members, are entitled to affiliate to StreetNet International.
The aim of StreetNet is to promote the exchange of information and ideas on critical issues facing street vendors, market vendors and hawkers (i.e. mobile vendors) and on practical organizing and advocacy strategies