In a recent milestone for the EmpowerHER Initiative, a successful training session was conducted in Kerege ward, Bagamoyo district with a total of 29 participants from different groups. This initiative, aimed at nurturing the Community Microfinance Groups (CMGs), continues to gain momentum as it equips these groups with the necessary skills and knowledge to achieve financial independence and combat poverty. During the session, led by Ms. Grace Zambi from TASHED, the objectives of the EmpowerHER Initiative were highlighted. Participants were commended for their innovative business endeavors despite facing challenges in loan repayment. The importance of financial management training before disbursing funds was emphasized by Halima, a CMG member, underlining the need for a uniform understanding among group members. She said, “we all have been observing how the first phase has made us perform. If we can be honest, financial management trainings, such as this training done by TASHED – is very crucial before loan provisions”. Additionally, concerns were raised regarding previous discrepancies in loan disbursement amounts, leading to investments that deviated from the groups’ original plans. These discussions underscored the significance of empowering CMGs with comprehensive financial literacy and planning strategies.
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