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A farmer, holding crops which have been devastated by the harsh sun and low rainfall.

Power from savings in Zimbabwe

Developing money skills empowers people and gives independence. In Matobo, southwestern Zimbabwe, Oxfam and its partner run the Income Savings and Lending Scheme programme. This has helped women with skills in budgeting, saving and investing.

Melissa Cooke

 

MaMoyo now owns a restaurant in a caravan, helped by the skills she learned. She makes a profit from the food she sells. This money is enough to fund her two children’s education. She’s determined to use her profit to buy her own livestock and build onto her rural home.

Mamoyo preparing meals in her caravan

tRAINING

“Self-help groups” training was set up in MaMoyo’s area. This included the Income Savings programme. Before this, informal savings programmes were set up in the community. They weren’t properly organised and the money was mainly used for day-to-day expenses rather than long-term savings.

The training was run by Hope for a Child in Christ (HOCIC), which is a local organisation that Oxfam partners with.

EMPOWERING

Through the Income Savings programme, MaMoyo became one of the women empowered with the tools to take control of their finances. By doing this, women can secure a better future for themselves and their families. Those taking part learned how to create sustainable sources of income and build financial independence. 

MaMoyo’s savings and good ideas have led to her owning a restaurant. Her story highlights the importance of learning effective savings techniques and identifying investment opportunities. She has now built a financial foundation that she can use for future investments.

Mamoyo in front of her caravan

EMPOWERING

Through the Income Savings programme, MaMoyo became one of the women empowered with the tools to take control of their finances. By doing this, women can secure a better future for themselves and their families. Those taking part learned how to create sustainable sources of income and build financial independence. 

MaMoyo’s savings and good ideas have led to her owning a restaurant. Her story highlights the importance of learning effective savings techniques and identifying investment opportunities. She has now built a financial foundation that she can use for future investments.

The project

This project is part of the Irish Aid funded Irish Civil Society Partnership (ICSP) grant.