Rose Madakiwa is a single mother from Usisya in Malawi. She has five children and also supports several orphans as well as her elderly mother. Many families in Malawi face financial and humanitarian hardship, with a large proportion of the population living with HIV/AIDS.
Prior to applying for her Deki loan, Rose made a living trading in fish and baking scones. She relied heavily upon her brother for financial support and her children often went to school hungry. Their living conditions were poor, with no electricity, running water or even a mattress to sleep on. She was unable to apply for a loan from her local bank due to a lack of security.
Rose applied for a Deki microloan of £180 in 2014 with the hope to build a better life for her children. Once her loan was fully funded Rose could bulk buy flour and fish at a much cheaper rate, which increases her profit margins. Rose has also diversified her range of products to include soap and shoes; this has reduced her dependence on the sale of fish which is expensive to transport from depot to market.
With guidance from Deki’s business training programme, Rose continues to reinvest her profits in her business and also saves some in her village bank. Rose is proud to announce that she has also built her own house with electricity and beds for her extended family. She even has enough money left over to pay for school fees and no longer has to depend on her brother’s financial support.
The Deki loan has given her the opportunity to become financially independent: “As a divorced woman it was my brother’s responsibility to support me and my entire family, but now I can support them myself. I’m thanking Deki a lot as these loans are helping people to develop, transform and improve their living standards in that they are profitable loans and do not require any collateral.”
Her wish for the future is that Deki continues to work in Usisya to empower more women like herself to become financially secure and independent.