Community Pass-on Loan Program

About this Project

The Masimbe Village Development Committee, with support from World Connect, has launched the Community Pass-on Loan Program through a $5,354.65 grant co-investment. The project targets 45 individuals in three groups, each accessing a K3,000,000 loan fund to borrow up to K200,000 per person for starting or expanding businesses. Alongside financial support, participants will benefit from peer learning and training in financial management and business development, helping them grow sustainable enterprises and strengthen household resilience.

Masimbe Village Development Committee, with support from Mudzi Connect, is implementing a Community Pass-On Loan Program aimed at economically empowering community members through small-scale business ventures. The program targets 45 initial beneficiaries, each receiving startup capital to establish income-generating activities. To date, all 45 participants have accessed loans and begun diverse enterprises, including home shops, selling cooking oil, produce, and fish. Members contributed K7,000 each as a commitment fee, fostering ownership and accountability. The project is ongoing, with loan repayments expected by December 28, 2025, and plans to expand to subsequent cohorts, ensuring broader economic benefits for the community.

With a co-investment of $5,354.65, the Community Pass-On Loan Program in Masimbe community empowered 45 beneficiaries (19 women, 26 men) across three villages with MK200,000 loans each. The beneficiaries have launched income-generating activities such as selling maize, beans, and operating grocery trading. They have also received training in business and financial management skills. Although loan repayments are still pending, these funds will facilitate participation for future cohorts, supporting long-term sustainability. The initiative has already increased household incomes and boosted local economic activity. Community leaders and the Masimbe Village Development Committee will continue to provide guidance to ensure the program expands financial empowerment and improves livelihoods.