Mozambique

CCM Pemba is a microfinance cooperative for low income women in the city of Pemba in the province of Cabo Delgado, Mozambique. CCM Pemba is an alternative savings and lending credit-union institution at the service of their membership to counter the high interest rates of almost 25% of traditional banks in Mozambique. The funding allowed the organization to make 452 loans to low-income women. Women set up a number of diverse business including chicken rearing, catering and cake decoration, convenience stores, hair-dressing salons, restaurants, production of animal feed, food trucks, construction materials stores. Through the Ride for Refuge initiative, CCM Pemba was identified as one of the recipients of funds raised by PWRDF riders.

Read more:

• Ride for Refuge beneficiary gives women a chance to shine
• PWRDF strikes a match for entrepreneurial women