Mercy Corps Zimbabwe's Catalyzing Economic Development through the Informal Sector (CEDIS) program, funded by the Embassy of Sweden in Harare, recently held a closeout meeting with partner VIRL Financial Services to reflect on their achievements and future plans for enhancing financial inclusion among women in rural communities. The CEDIS program aims to provide tailored financial products to underserved populations, driving growth in the sector. Since the partnership with VIRL Financial Services began in February 2024, the program has made significant achievements, training 15 women agents—exceeding their initial goal of 7. These agents have played a critical role in educating communities about financial products, demonstrating the transformative impact of the initiative on women's empowerment, as highlighted by VIRL’s CEO, Virginia Sibanda. The partnership has successfully facilitated 333 clients in receiving loans, with 64 Internal Savings and Lending (ISAL) groups recognized as creditworthy, and loans disbursed to 48 groups in the Mutasa and Mutare districts. The pilot project combined ISAL groups with an agent model to enhance access to finance and support local business growth. Key highlights from the meeting included plans to strengthen agent training, adjust loan sizes, and increase awareness of financial products, with the overarching goal to improve the incomes and resilience of 30,000 vulnerable young women in Bulawayo, Mutare, and Harare over the next four years. #MercyCorpsZimbabwe #pathwaytopossibility #womenempowerment #financialservices
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