400 Women Entrepreneurs Receive Business Loans through MWEI

 More than 400 women entrepreneurs from Temeke, Dar es Salaam, will now be able to provide for their families at ease, having received interest-free loans from Vodacom Foundation through M-Pesa Women Empowerment Initiative (MWEI).
Vodacom Tanzania Communications Manager, Rukia Mtingwa (center) speaks to some women entrepreneurs in Temeke Stereo Market, Dar es Salaam, when she visited them to give interest-free loans to the women through the M-Pesa Women Empowerment Initiative (MWEI)

Vodacom Tanzania Communications Manager, Rukia Mtingwa (center) explains the process of filling in loan application forms to women entrepreneurs at Temeke Stereo Market in Dar es Salaam. Rukia had visited the women together with her colleagues to give out interest-free loans through the M-Pesa Women Empowerment Initiative (MWEI)

Vodacom Foundation Manager incharge of the M-Pesa Women Empowerment Initiative (MWEI) Grace Lyon, cross checks the records of women entrepreneurs at Temeke Stereo Market, Dar es Salaam, when she visited them at the market to give interest-free loans through the MWEI project.

Vodacom Tanzania Communications Manager, Rukia Mtingwa, looks on as Asha Omari (left) of Umoja ni Nguvu Investment Group in Temeke Stereo Market, counts her Tsh100,000 loan she received through the M-Pesa Women Empowerment Initiative (MWEI). At the center is the Group's chair person, Nikufya Mbengomwanja. Through the MWEI project, women entrepreneurs across the country receive interest-free loans to start businesses or boost existing ones and repay through the M-Pesa service.


The women who received loans worth more than Ths.30 million will now be able to start up new businesses or expand their existing ones.
Speaking while giving out the loans in Temeke Stereo Market, Grace Lyon - Manager Vodacom Foundation in charge of MWEI, said that Vodacom aims at empowering women who for a long time have been the pillars of our society.


She added that "A lot of women in Tanzania have benefited from Mwei project from the last 3 years, this year we hope to also reach out to women in Dar es Salaam since our focus in the previous years has been for rural Tanzania.
On their part, those that received the loans expressed their gratitude to Vodacom for empowering them to run their business.
"So far MWEI has been able to give loans worth Tsh.327 Million to 42 districts in Tanzania. We have faith in our women who work hard every day to ensure they accomplish greater things in their day to day lives. What we are doing is just giving them a boost and they in return have been faithful in paying back the loans," explained Lyon.
"It has not been easy for  me to expand my business, With my small  business  I am not able to access a loan due to the amount of requirements needed by these institutions, even  when I am eligible for one I still face the challenge of very high interest rates," said Tausi Mjape, one of the beneficiaries of the loans.
Nuru Njovu, one of the entrepreneurs in Temeke, also said that, "I am grateful to Vodacom because I can expand my business without worrying about the interest rates. Also I do not need to close my business so as to go and source for loans. Vodacom have come to us and to that we are thankful. I hope that Vodacom will reach out to many more Women."
MWEI loans disbursements and repayments are done through M-Pesa which is a safe easy and accessible mode of money transfer in Tanzania