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OPPORTUNITY FOR FEMALE ENTREPRENEURS
Planetarium Institute through Women in Business Malawi wants to apply for funding in response to a “call for proposals: enhancing women entrepreneurship enablers for stronger women SMEs in Africa” published by AfDB. The call is under their Affirmative Finance Action for Women in Africa (AFAWA) project which is targeting Women SMEs [WSME] operators. The project wants to empower enablers like Planetarium Institute so that they support WSME operators unlock their challenge of access to capital. We identified collateral as the main challenge however, other critical factors include: "lack of audited accounts; lack proper financial literacy and financial records; poor business model; poor sales and marketing skills; poor visibility; investor non-readiness businesses; failure to write convincing grant proposals; no strategic plans" etc. The project wants to address these other bottlenecks to allow female entrepreneurs unlock the challange of lack of access to capital.

If successful, Planetarium Institute will target 100 WSME operators and two cooperatives [with high female membership]. For the 100 WSME operators, it is expected of them to:
1) Have a viable business;
2) Have 3-5 full time employees;
3) Be making at least MK300,000 in sales per month;
4) Have a duly registered business in Malawi

Female entrepreneurs who meet the above mentioned criteria must express their interest: fill in the form by clicking this link, https://forms.gle/HdJEgiTBQs7EG6L69

Best regards
Planetarium Institute
05/05/2021

AFAWA Women SMEs [WSME] Project This form is collecting information about female entrepreneurs who Planetarium Institute would like to apply on the behalf under the Women in Business Malawi. It is a submission in response to the call for proposals on enhancing women entrepreneurship enablers for stronger women SMEs in Africa

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