Homelink supports Women Entrepreneurs, unveils massive low
income earners’ housing project
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. The Managing Director 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.’
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