Best Projects 2021 features all the nominated entries submitted ‘Submit your Project’ category. All the entries consist of innovative projects run by existing enterprises in the form of businesses, NGOs or informal programs.
Wealth Creation through Entrepreneurship skills amongst Women.
Published on September 23, 2021 um 18:13
Type of Enterprise
Year the ngo or company was founded
Explain your project in details:
Women are the most care takers of the families, however most of women in rural Tanzania live in extreme poverty. Findings from poverty Monitoring report for Tanzania Mainland (2018) indicate that four women who moved out of poverty three are in vulnerability of falling back to it, therefore the project aims at providing training on how to generate business ideas, start business, Improve business, Market information, Access to finance and Credit readiness. Study conducted by McKinney 2015 indicates that if women were given the same economic opportunity as men they could be in position to generate and add over 28USD trillion to the global GDP. However in developing countries women are facing a number of challenges in running their small growth oriented business including shortage of entrepreneurship skills, lack of funding where they are unable to meet tough conditions set by financial institutions for loans including collateral where they must own land and houses with title deeds, surveys also show that some few women in Morogoro who own or use title deeds of their relatives are requested to offer sex bribe to credit officers for their loans applications to be approved, also due to high interest rates some women cannot afford to pay back the loans and ending up their houses being sold to by the respective financial institution. So, to mitigate these challenges our organization has come up with this project where the broad objective is to reduce poverty amongst women in rural, rural towns and urban areas of Morogoro region with the following specific objectives; to provide training on entrepreneurship to 600 women for the next 6-12 months, Develop Market Information System (MMIS) that links suppliers and demand, establish Malema Wealth Fund (MWF) to provide funding for women to start and improve their businesses without strong loans conditions.
Impact of your enterprise on sustainable development
This project aims to reduce poverty among project beneficiaries by 10% by the end of its implementation in December 2022 with 600 women trained on entrepreneurship skills, enrolled in the Malema Market Information System (MMIS), enrolled and provided with funding for their businesses through Malema Wealth Fund (MWF) a newly established initiative within the Malema Foundation Tanzania, Women become empowered, hone their entrepreneurship skills and increase their self confidence and hence Women become involved in grass roots movements and advocate for far-reaching social and economic changes in the country. First of all the project will be monitored during the phase of its implementation which is one year. Monitoring will be done using monitoring tools which will help to track records and see if the project implementation is on track or off track and hence adjust accordingly. Through the MEAL approach (Monitoring, Evaluation, Accountability and Learning) success will then be evaluated at the end of project implementation and find if the project objectives and targets are met and hence project scaling up and replication or not met. This activities will be done by Malema Foundation, project Partner and the report produced shared to them including the government at local levels.
Sustainability and future plans
Sustainability of the project is built using our existing business model and financing mechanisms which we have developed where by according to the survey which we conducted "Status of small business formalization in Morogoro municipality" indicated that large number of over 70% of small businesses owned by women are not formalized this ignites us to sustainably provide entrepreneurship training using the SIYB Model and Malema Wealth Fund (MWF) as a financing Mechanism which will provide funding to Women small business ventures in Morogoro and fill the gap of lack of access to finance, MWF is a new funding scheme which will accumulate funds from stakeholders such as donors, partners, loans with no interest to start its operations . The project long term plan is to reach more women especially in rural and rural towns of three regions of Morogoro, Dodoma and Dar es salaam before expanding further in other areas of Tanzania Mainland.
Your profile as an entrepreneur
My name is Dastan Mziwanda, born and raised in rural areas of Morogoro Tanzania. I am currently 37 years old, a holder of bachelor degree in Economics from the University of Dar es salaam. I am currently working as a founder Director and CEO of MALEMA FOUNDATION TANZANIA (www.mft.or.tz) an organization that deals with supporting women and youth on improving their economic status and living standards. I worked with various organizations including the International Labour Organization for Tanzania office on promoting youth entrepreneurship spirit in Tanzania. Worked with Public institutions such as the Presidential Trust Fund for Self Reliance, Private institutions such as National Microfinance Bank, Tanzania Chamber of Commerce Industries and Agriculture (TCCIA) for Morogoro region. I am also a Board member of the Tanzania Coalition on Debt and Development (TCDD). I have also conducted several studies such as the Status of small business formalization in Morogoro Municipality and Extension of credit facilities to small scale industries in Temeke Municipality in Dar es salaam. Additionally I am a certified trainer by International Labour Organization of the SIYB (Start and Improve Your Business East Africa), Certified Facilitator of Facilitative Organizational Learning and Development (FOLD), Certified facilitator of Participatory Learning and Action (PLA), Founder chairman of Business Development Service Providers Alliance.
Wealth Creation through entrepreneurship amongst women in Morogoro Tanzania.