In Balaka, a 31-year-old female entrepreneur, Charity Michael has become a role model among her peers after setting up several business ventures using a loan she acquired from the state owned National Economic Empowerment Fund (NEEF).
In 2021, Michael acquired a loan of K350,000 from NEEF to start her grocery business.
Within six months, Michael managed to develop her business which prompted NEEF to inject an extra K1 million into her enterprise.
She said, using the extra money, she managed to diversify her business by purchasing a motorcycle which is currently being used as a motorcycle taxi.
“I owe everything I have currently to financial discipline, a clear vision I have and of course the timely assistance I got from NEEF,” said Michael.
Earlier this year, NEEF injected an extra K2 million kwacha in Michael’s businesses, a development she says has made her a millionaire.
“Using the extra loan, I managed to purchase extra 3 motorcycles, expanded my grocery business turning it into an agribusiness,” said Michael.
Charity is moving from grace to grace as earlier this month, NEEF has decided to give her a K4 million loan which she intends to invest in farming.
“I anticipate a bumper harvest if Heavens smile on me as I have already put in place a proper plan to execute this,” she added.
Michael has since advised fellow women to rise up and take a risk if they are to develop financially.
Meanwhile, NEEF Chief Executive Officer, Humphrey Mdyetseni has commended Michael, dubbing her a rare gem.
“Female entrepreneurs like Charity are the reason why NEEF is here, we want to see women develop,” said Mdyetseni.
Charity Michael’s vision is to see her business enterprise thrive into a multimillion business empire.
