Impact
Tivwane Money Solution’s products have enabled more small scale farmers in Zambia to achieve United Nations Sustainable Developmental Goal#1 (End poverty in all its forms everywhere) and Goal#2 (End hunger, achieve food security and improved nutrition and promote sustainable agriculture).
Tivwane Money is different from most financial institutions as its microfinance services are integrated into the development of financial inclusion and capacity building programs we work NGOs who carry out development programmers in health, water, sanitation, education and economic development. Together we work to improve the lives of women and children living in poverty.
Working within these area development programmers, our microfinance support enables people to develop a reliable source of income and a livelihood. This is often the difference between subsistence living and making a small profit to improve food quality, health or to send children to school.
By providing small loans and other financial services, we help people turn their ideas into small businesses to support their families. Our staff are known and trusted by the communities they serve. They understand their clients’ needs and their culture. As well as providing financial services, they also give trusted advice and share their know how to help our clients succeed in building sustainable enterprises.
We base our products and services on extensive research and development with target customers in partnership with other private firms in the in Zambia, this helps us target and develop solutions that fit the needs of farmers in our market better than alternatives.
Value-added: we have add value to our financial services products such as financial inclusion and capacity building training which has made our products unique in the category this has attracted more customers to buy our product at profitable interest.
Atiness Phri
Tivwane Money Solution Client from Katete Branch Eastern Province of Zambia (left in picture)
Atiness Phri is a 44 year old women with 7 children living in Ibex compound Katete District of Eastern province of Zambia. Atiness learned that she could start a business with a very small amount as low as $50 and she managed to buy and grow vegetables (cabbages, tomatoes beans and potatoes). She began selling them on the market she was running though had poor quality business skills. She didn’t know how to manage her business properly such as how to calculate profit, how to separate her home expenses from business expenses, and even though she was in business since 2005, her business could not grow due to lack of capital and poor business skills.
In 2019, she decided to get a business loan from Tivwane Money Solution’s Microfinance Katete Branch. Her goal was to expand her business by ordering other vegetables she could not sell on the market, Atiness did not have much collateral to use as a surety (just one upright fridge). She could not manage to borrow money from bank or other money lenders due to insufficient collateral and the small size of her business.
Atiness managed to apply for a loan of $100 in three months that was a first circle loan from Tivwane Money Solution Katete Branch. Before she received the loan, she completed entrepreneurship training skills and financial inclusion training where she was trained how to manage a business. She learned how to calculate net profit and how to separate business expenses from home expenses. Due to her book keeping and budgeting skills, she managed to make a very good profit for the first time and managed to buy a 42” Plasma television, paid for her children to go to school. When this loan came to an end she qualified to apply for another second circle loan of $200 which she received in a 4 months period.
Atiness Phri has increased the size of her loan 10x in the last 2 Years
Atiness performed very well from the loan without defaulting even single day, hardworking and skill she was taught from Tivwane money solution helped her to grow her business in no time, the community started recognizing her as the hard worker. Atiness is a very hardworking woman. She is very clever. She’s a good listener,” says Memory Banda The credit supervisor “I taught her how to do gross margin analysis. She managed to find markets in Katete. .Memory says that small entrepreneurs or marketers had so much to learn. “When she started,” she says, “the marketers didn’t know how to collect commodities together from the gardens where they order them, now she sells a lot of goods at a better price. She does not wasting fuel and time.” Because she has savings and farmers are now able to bring their produce to her and she buy them from their gardeners in bulk then she sell them when prices are high instead of selling them at low prices right away for fast cash.
Atiness has been getting loans with Tivwane money solution for two years now and this month she has applied for a loan of $1000 the biggest amount since she started accessing loans from Tivwane money Solution. With her previous loan she got she managed to pay for her child at the University of Zambia and managed to purchase a plot where she wants to build her own house. Her husband is not working Atiness is the one taking care of children. Her business has now grown now that even other small scale entrepreneurs or marketer are coming to order goods from her shop at the wholesale price.
She encourages other women and small entrepreneurs to get a loan from Tivwane Money Solution where they don’t just give loans but where they provide entrepreneurship skills and financial inclusion training to help small entrepreneurs run a very profitable and successful business.Whatever it is, the way you tell your story online can make all the difference.
Further benefits of Agriculture Loans to the Eastern Province of Zambia.
Tivwane Money Solution’s financial services have added value to the economy of Zambia (especially small scale farmers) by increasing smallholders’ productivity, increased smallholders’ incomes, diversified rural livelihoods, Increased decent work opportunities in rural areas.
Tivwane Money Solution’s financial services and entrepreneurship skills provided to small scale farmers has reduced poverty and made improvements in general welfare such as education, health, nutrition and women’s empowerment. This has increased smallholders’ incomes, diversified rural livelihoods and Increased decent work. It has also Increased access to reliable and affordable finance for agriculture among smallholders especially women by increasing the access of poor people to financial services.
Tivwane Money Solution Business Loans have reduced poverty and unemployment in Zambia, improved the livelihood of people through better food security and thereby contributed directly to economic growth. Business and Agriculture Loans have also enhanced agricultural production and improved livelihood of thousands of small customers 3 districts of Eastern province of Zambia (Katete District, Petauke District and Lundazi District).