Small credit granting

Similarly, as in India before, in Malawi, the small loan project, started with a relatively modest $ 600 by one of our sponsors, was received with great enthusiasm.

In Malawi, contrary to Bangalore, loans are intended solely to support the professional or financial independence. Volunteers from the parish of St. Kizita, where the sisters’ house is, guided by Mrs. Eileen, enable the distibution of the small loans. They explain to people in the surrounding villages what areas of activity and how it pays to invest.

Initially mentioned $ 600 correspond to 50,000 Malawi kwachas, divided into 50 credits of 10,000 kwachas, about 12 euros per person. Thereafter, Eileen and her volunteers selected five villages and 10 people in each village to receive credit. They are expected to return the money within three months.

As much as 95% of them were able to really pay the money back and many of them, as Eileen said, managed to make 30,000 kwacha out of that 10,000 kwacha. After the loan was repaid, they were left with their own 20000 kwachas, some of which they were able to reinvest.

A very high percentage of those who returned the money show how grateful people are for the opportunity and how much they value it. People are not helpless, they are not without ability or knowledge. But they lack start-up capital. If they are allowed to buy the material they need, many can help themselves move forward. At the same time, this kind of ‘self-help’ enables them to achieve success through their own work, not by donating something to them, as they finally return the money back to the fund, which positively reflects on how they look at themselves and their well-being in general.

In the next round of giving loans, people got 25,000 kwachas each, about $ 30 each. One of those who got such a loan was, for example, a man who lost his leg in an accident. With that money, he opened a used clothing store that he can live from. Many of them have invested money in repairing or building houses. Because it is the capital’s neighborhood, they can now improve their family budget with rent every month.

Sister Chinyere described the project as a “success story” and said that she herself noticed that the nutritional situation was significantly better for families who had helped themselves with loans and many of whom had not had enough food before. People can now also pay for their children’s education, medicines, etc. Because many of them care for the children of deceased relatives, this money is even more needed. And all this is possible because of those $ 12 or $ 30 that gave them the necessary start-up capital …

We ask for your help so that we can grow the credit fund and allow even more people to get on their feet financially. Each of your Euros will help many people.

Thank you for every contribution you make to this account.


Eileen hands out cash for loans to two groups of selected individuals