Author Archives: Justin Phiri

Poverty and the impact of lending and Borrow- A Theological reflection on financial sustainability in Lusaka rural – Zambia.

Lending and Borrowing herein (Microcredit) is considered by many practitioners and advocates to be a powerful tool to alleviate poverty. The practice consists of lending small amounts to the very poor people for self-employment projects, known as micro entrepreneurship, with the intention of allowing households that would otherwise be credit constrained to engage in income-generating activities.

The church may work with a charity to provide money to groups of10-15 families. Each family has its business ideas appraised and receives eight training sessions covering topics such as book keeping and cash flow. All family members are required to save money as a source of security. Each person receives her loan as a cheque and opens an account at a designated bank. Continue reading

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