Do you want to apply or know more about Kanono loans in Zambia? If your answer to this question is yes then you have landed in the right spot!
This article aims to provide you with all the information you need to know about Kanono Loans Zambia, including how you can successfully get the loan. So, feel relaxed and continue reading!
About Kanono Loans Zambia
Kanono Loans Zambia is a special loan program introduced to support the Kanono women residing in the Kasama district, in the Northern part of Zambia.
This program is powered by the Microloan Foundation Zambia, a social microfinance institution that provides business loans and training to women facing poverty in sub-Saharan Africa.
The platform, Microloan Foundation was launched in Zambia in 2008, and since then has experienced rapid growth covering a wide range of women in rural communities who are less privileged or lack the financial support to establish themselves.
They are currently having up to 10 branches and 11 satellite branches and also a head office in Zambia.
The center of their work is to empower women and girls to help them defeat poverty and achieve justice.
Kanono Loans Zambia, also a program facilitated by Microloan Foundation Zambia, has been operating for a long time now.
Their loans are given in groups and are aimed to be repaid in 4 months. So far, group 1 of the program has already received their loans up to £1,120.24 and has successfully repaid, demonstrating the effectiveness of the program.
The loans are basically for women who are into small-scale businesses, such as poultry farming, tailoring shops, and market stalls, among others.
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Kanono Loan’s Impact on the Zambian Financial Landscape
In a nation like Zambia where there is an economic crisis, getting convenient loans or financial support is always challenging.
With your smart ideas or best business plans, if you can not get the required capital to fund it, your potential for growth and execution may remain unrealized.
Also, women are considered as the pillars of the economy. Therefore, providing business loans and training to women facing poverty can contribute significantly to economic growth.
This can also stimulate the entrepreneurial spirit within them to pursue their business ambitions and express their creativity and abilities. Thus it contributes to job creation and economic transformation.
It can as well, encourage equality. According to CARE International, we cannot overcome poverty until all people have equal rights and opportunities.
Therefore, the Kanono Loans Zambia initiative plays a vital role in empowering women entrepreneurs within the broader context of Zambia’s financial landscape.
Eligibility Requirement For Kanono Loans Zambia
To be eligible for Kanono Loans Zambia, you must meet the following requirements:
- You must be a Zambian citizen or legal resident.
- You must have a valid ID
- You must have a running business.
- You must provide proof of residency.
Kanono Loans Zambia Interest Rate
They offer a very competitive interest rate in Zambia.
As part of their goal to support women and help them defeat poverty and achieve justice, they made everything convenient so that these women could access these loans and repay them with ease.
How to Apply For Kanono Loans Zambia
Kanoo Loans does not provide an official online platform where people can visit and apply for their loans.
Just like we previously discussed, their loans are given in group structures. Group 1 of the program has already accessed their loans and has successfully repaid them.
You can visit their headquarters or any of their branches in Zambia for the loan application and other financial services.
Their offices are spread across the Southern, Eastern, and more recently the Northern regions of the country.
Final Thoughts
Thanks for following this article to the end. We believe that by now, you have gotten a clear understanding concerning Kanono loans Zambia.
We will keep on updating this page for any information concerning the program.
Here, we believe that information is power. Accessing the right information concerning loans can be the stepping stone to your financial success.
Now, let’s hear from you!
What is your say about the Kanono loans? Do you have an opinion or a question concerning this?
Don’t forget to use the comment section below!
Source: Instantmoni.com.
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