Local Loans in Malawi
At the end of last year, Canaan Gondwe, a SIA partner living in rural Malawi, gathered together forty-one other people to form the Manyamula Village Savings and Loans group (MAVISALO). They applied for and received a small grant from SIA to start a poultry house that would serve as the start-up capital for their loan fund. Members also bought member shares of about USD$6.50 each to join the group. Since their start in 2010, MAVISALO has generated USD$950 from three rounds of