OVER 335 women entrepreneurs in Nungwi, Zanzibar, are set to receive business boost, thanks to an initiative by Vodacom Foundation.
The Vodacom Foundation, through the women empowerment kitty, MWEI, will allocate 27m/- to women entrepreneurs in Zanzibar to enable them start new businesses or expand the existing ones. This is the second phase of MWEI project in Zanzibar, the first time being in 2012.
MWEI project enables women entrepreneurs to access interest-free business loans through M-Pesa and repay using the same service. Announcing the initiative, Vodacom Tanzania Managing Director Rene Meza, said that women in Nungwi will be able to change their lives for the better through the initiative.
"MWEI project cares about the welfare of women in Tanzania. We believe that this will go a long way to revolutionize the way they live and I wish them all the best," said Mr Meza. Since its inception in 2007, Vodacom Foundation has given out a total of 150m/- in grants to over 6,000 women entrepreneurs in 18 districts throughout the country.
Vodacom Foundation further plans to set aside another 450m/- to reach more women across the country. MWEI project was established in a bid to assist the community, through women, to bring development using available opportunities and resources. Through this project, Vodacom Foundation sponsors the training of the women entrepreneurs before giving them loans.