Homelink Managing Director Mr. Desmond Ali says he has fewer loan repayment headaches when handling women led enterprises and as such the local finance institution has niched its operations on supporting women entrepreneurs.
Speaking at the Women Entrepreneurship Day
commemorations held in Masvingo recently, Mr. Ali revealed that investing in women positively impacts their communities.
'Business ownership by women at small, medium and large enterprise levels allows them to earn an independent income and contribute financially to their households and their communities.'
Mr. Ali further noted that incomes earned by women create a positive impact in their families in terms of health, education, food and clothing hence contributing to poverty eradication, allowing families to have access to a decent standard of living.
'If women participate in economic activity and control productive assets, it leads to development by helping to overcome poverty, reduce inequality, and improve children's nutrition hence the need to create and
capacitate women entrepreneurs.' Homelink has supported women in soap making, sectors of manufacturing and construction.
Ali announced plans to expand operations in Masvingo by opening
up a fully-fledged Homelink branch to spearhead a massive low income earners' housing project.
'Homelink is into land development, we buy land then develop to build houses and offer our clients a mortgage to buy the house and furthermore make business loans available to empower our clients so they repay mortgages. We actually have land in Masvingo and we will be building build houses targeting low income earners, and we are very strict on that. We expect potential beneficiaries to actually prove that they are low income earners. This bracket carries vendors, cross border traders and so forth. So we will be building starting from February,” said Ali.
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