The African Women’s Financial Mutual Fund (MIFA): the economic empowerment of women in North Kivu
The African Women’s Financial Mutual Fund (MIFA) is a new initiative that aims to promote the economic empowerment of women in North Kivu, Democratic Republic of Congo. Recently inaugurated by the Minister of Finance, Nicolas Kazadi, this financial structure’s main mission is to collect savings and grant loans to women entrepreneurs, particularly those with low capital.
The objective of MIFA is to enable women in North Kivu to become economically independent by offering them, in particular, easier access to credit. Indeed, many women entrepreneurs in the region, whether they work in the informal or formal sector, encounter difficulties in obtaining financing in order to develop their activities. MIFA therefore fills this gap by offering financial solutions adapted to their needs and giving them the means to prosper economically.
The president of the board of directors of MIFA in North Kivu, Josée Kahongya, underlines the importance of this mutual for the development of female entrepreneurship in the region. She explains that many women entrepreneurs have promising ideas and projects, but face financial difficulties that prevent them from realizing them. MIFA thus provides them with crucial financial support, enabling them to start or develop their activities in a sustainable manner.
This initiative is excellent news for women entrepreneurs in North Kivu, who will finally be able to benefit from real financial support adapted to their realities. With MIFA, they will be able to access credit to invest in their business, purchase equipment, develop their product or service offering, and thus increase their income. This will have a positive impact on the local economy, supporting job creation and stimulating the growth of women-led businesses.
In conclusion, MIFA represents a significant step forward in the economic empowerment of women in North Kivu. By offering them adapted financial solutions and concrete support, this mutual helps create an environment conducive to female entrepreneurship and the economic development of women in the region. Hopefully this initiative serves as an inspiration and model to encourage other actions in favor of female entrepreneurship in other regions of Africa and the world.