By donating to Action10, you support entrepreneurs in Zambia with business loans and financial literacy training.
One example is Mrs. Cecilia Nalumbwe, who sells the traditional beverage Munkoyo, and uses her business to provide for her family.
Challenges Facing Zambian Entrepreneurs
Entrepreneurs in Zambia face significant challenges, including limited access to capital and a need for financial literacy. These challenges present obstacles for them to grow their businesses. Without access to funding or training, small businesses often struggle to sustain themselves.
The Importance of Business Loans
Business loans provide entrepreneurs with the opportunity to expand and increase their income. With this objective in mind, Action10 offers loans that allow entrepreneurs to invest in equipment, stock, and other essential resources. For example, entrepreneurs like Mrs. Nalumbwe can use these loans to scale their businesses, which leads to increased employment opportunities and a more robust local economy. In contrast with traditional aid, this generates an impact that goes beyond one-time support
Financial Literacy
Besides the business loan, the program’s financial literacy curriculum equips beneficiaries with essential skills in budgeting, saving, and business management. Through these interventions, entrepreneurs across various sectors, from retail to service-oriented ventures, are empowered to make informed decisions and navigate market challenges effectively.
Our mission is to offer business loans to local entrepreneurs and raise awareness of cross-cultural respect. Our vision is to replace aid dependency with international equal partnership and eradicate extreme poverty. Your donation will play a crucial role on this objectives.
Support Action10 now! Two Ways to Help Entrepreneurs Like Mrs. Cecilia Nalumbwe:
About Zambia:
Zambia faces widespread poverty, and many entrepreneurs struggle to access the resources they need to grow their businesses. However, with support through business loans and training, entrepreneurs can create sustainable livelihoods, contributing to local economic development and in this way reducing poverty.