{"id":2430,"date":"2011-06-02T12:49:27","date_gmt":"2011-06-02T12:49:27","guid":{"rendered":"http:\/\/www.faceofmalawi.com\/?p=2430"},"modified":"2011-06-02T12:49:27","modified_gmt":"2011-06-02T12:49:27","slug":"home-furnishing-and-education-made-possible-with-microfinance","status":"publish","type":"post","link":"https:\/\/new.faceofmalawi.com\/index.php\/2011\/06\/02\/home-furnishing-and-education-made-possible-with-microfinance\/","title":{"rendered":"Home Furnishing and Education Made Possible with Microfinance"},"content":{"rendered":"<p> <strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-2431\" title=\"Elizabeth Moyo.preview\" src=\"http:\/\/www.faceofmalawi.com\/wp-content\/uploads\/2011\/06\/Elizabeth-Moyo.preview.jpg\" alt=\"\" width=\"220\" height=\"165\" \/>Elizabeth Moyo<\/strong> is 38 years old and married with three children, all of whom are girls. When she heard that\u00a0<a href=\"http:\/\/www.thp.org\/malawi\" target=\"_blank\">The Hunger Project-Malawi<\/a> was lending to members of the Microfinance Program (MFP) in Champiti Epicenter, she was compelled to join. She became a member of the Mgwilizano group from the village of Kaothensiki.<\/p>\n<p>Elizabeth took out her first loan of K10,000 (about US$66) in 2008 and repaid it on schedule.\u00a0<strong>She used the loan to engage in a moving restaurant business,<\/strong>selling cooked rice at Kampepuza market every Friday. She also invested in a grocery business, which she is running together with her husband. She has since taken and paid-off a second loan of K14,000 (about US$92) in 2009 and begun a third cycle loan of K40,000 (US$260). In addition to successfully paying off her loans, Elizabeth has made profits amounting to K300,000 (about US$1,990) and maintained a savings of K15,000 (about US$100).<\/p>\n<p>With profits from the two businesses\u00a0<strong>Elizabeth and her husband are able to pay school fees for their children and furnish their home.<\/strong><\/p>\n<p>\u201cBefore I started taking loans my house was empty, we did not have furniture.\u201d Elizabeth\u2019s house is now full of furniture and even has three new mattresses for her children.<\/p>\n<p>Elizabeth\u2019s husband has also been active in the community and occasionally works at the village trading center to operate a maize shelling machine they had just bought.\u00a0<strong>Elizabeth praises her husband for being very supportive and encouraging her to participate in the Microfinance Program.<\/strong><\/p>\n<p>Her vision for the future is to build a good house in her home village for herself and her family.<\/p>\n<h2><strong>Learn More<\/strong><\/h2>\n<ul>\n<li><strong><a href=\"http:\/\/www.thp.org\/malawi\" target=\"_blank\">Our work in Malawi<\/a><\/strong><\/li>\n<li><strong><a href=\"http:\/\/www.thp.org\/what_we_do\/key_initiatives\/microfinance\/overview\" target=\"_blank\">The Microfinance Program in Africa<\/a><\/strong><\/li>\n<li><strong><a href=\"http:\/\/www.thp.org\/what_we_do\/case_studies\/what_we_do\/case_studies\" target=\"_blank\">Meet other THP partners around the world<\/a><\/strong><\/li>\n<\/ul>\n<p><strong>Invest in Elizabeth <\/strong><strong>and thousands of other women leaders like her:\u00a0<a href=\"http:\/\/www.thp.org\/get_involved\/give_now\">Give now!<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elizabeth Moyo is 38 years old and married with three children, all of whom are girls. When she heard that\u00a0The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2431,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[252],"tags":[365,705,662,258,706],"class_list":["post-2430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-non-profit-organizations","tag-aid","tag-finances","tag-help","tag-malawi","tag-the-hunger-project"],"_links":{"self":[{"href":"https:\/\/new.faceofmalawi.com\/index.php\/wp-json\/wp\/v2\/posts\/2430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.faceofmalawi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.faceofmalawi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.faceofmalawi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.faceofmalawi.com\/index.php\/wp-json\/wp\/v2\/comments?post=2430"}],"version-history":[{"count":0,"href":"https:\/\/new.faceofmalawi.com\/index.php\/wp-json\/wp\/v2\/posts\/2430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.faceofmalawi.com\/index.php\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/new.faceofmalawi.com\/index.php\/wp-json\/wp\/v2\/media?parent=2430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.faceofmalawi.com\/index.php\/wp-json\/wp\/v2\/categories?post=2430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.faceofmalawi.com\/index.php\/wp-json\/wp\/v2\/tags?post=2430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}