TAGDev 2.0 supports community community business women with K10m revolving fund
Ten women-led agrifood business groups around MUST in Thyolo have each received K1 million in seed capital under the TAGDev 2.0 program. The money aims to strengthen the women's businesses and improve their livelihoods. The support follows a targeted entrepreneurship training that equipped the groups with skills in financial management, marketing and business development. MUST's outgoing Vice-Chancellor, Professor Address Malata, said the initiative reflects the university’s commitment to uplifting surrounding communities through practical empowerment. “We believe this support will help women grow sustainable businesses and improve their livelihoods,” she said. One of the beneficiaries, Memory Banda, welcomed the support, saying it comes at the right time for their businesses. “This money will help us boost our capital and expand what we are already doing. We are committed to using it well so that our businesses can grow and support our families,” she said. The women already run village savings and loan groups and the money will be made available to members through soft loans under a revolving fund. The support marks a continued effort by TAGDev 2.0 program to empower women with both skills and resources, enabling them to build stronger, more resilient enterprises within their communities.