Final Proposal on Local Content Law in Mozambique sees no private sector consensus
Jornal Notícias / First Lady of Mozambique Isaura Nyusi, during her visit to Nampula's Caixa.
Realizing that the failure of many of their projects was due to lack of funding, the women of Nacala, in Nampula province, did not sit back and cross their arms in resignation, but joined together and created a credit union, a platform for action that has contributed to business growth and combating unemployment.
The cooperative is made up of over a thousand women, and aims to provide work for the women of Nacala, denied jobs in both the public and informal sectors. Members deposit their savings In the ‘caixa’ and get loans for the creation and development of small businesses.
“The cooperative only lends to members – the women of Nacala. For this to happen, members must open an account and deposit a minimum of 200.00 meticais, ” explains Bernadette Correia, member of the cooperative’s general assembly.
On the back of those loans, women can run business and help support their families and educate their children.
“We formed the cooperative as a platform to combat poverty and counter unemployment here in Nacala,” Correia explains.
However, during a visit by First Lady Isaura Nyusi, the women asdmitted that the cooperative was struggling to finance all its members’ projects and asked her, through the First lady’s office, to help establish more partnerships for the organization in order to help it build women’s empowerment.
Isaura Nyusi stressed the importance of cooperation in finding solutions to women’s problems and their commitment to seek empowerment. The First Lady also stated that empowering women is a priority for the government and expressed her office’s readiness to help find partners.Source: Jornal Notícias
Mozambican company takes superfoods to Germany