Malawi -female entrepreneurs

Malawi - Female entrepreneurs. Commissioned photo journey - Micro Loan Foundation UK. Micro Loan Foundation organisation helps female entrepreneurs to succeed in their chosen business. Businesses are usually very simply started, focus on the needs and of course what is available to sell in a certain environment. There is a need to consider what we know about the different types and models of microfinance and whether or not they are work for whom and in what circumstances. Microfinance works differently in different regions of the sub-Saharan Africa. It depends on population density, attitudes to the debt, group -cohesion enterprise development, financial literacy and financial services. There is an increasing need to understand the evidence from sub-Saharan Africa, where development aid is proportionally large, and where there are still majority non - profit service providers in the microfinance industry. According to different studies on microfinance, group financing and borrowing works better than individual ones. Its proven that individually given loans are often not paid back which led to increase of suicide, poverty and actually in this sense it can do more harm than benefit... especially talking about the poorest within uncontrolled circumstances. In Malawi women choose their group members: it is strictly based on communal judgement and trustworthiness. - It has a from of democracy around it, which helps empowering the women in a society which is hugely male dominated. The process is totally different as group loans are given, and not individual ones, which then increases the sense of shared responsibility along with the sense of group -cohesion and community gathering spirit as well. These reflects a historical cultural identity which is deeply embedded in the African existence, (- and which historically done by dominantly by males) and mirrors the negotiating skills of communities historically.