Microfinance grew in Africa at a remarkable pace, from 10% to 40% even at the height of the crisis in 2008. However, microfinance in Africa still faces challenges such as structural weaknesses, rare and of unequal services, limited resources, and technological infrastructural issues.
To address this, Changing Flames created its Fellowship Fund. We secure loan opportunities for small business owners, and also provide client-search assistance and trade opportunities for entrepreneurs. For every entrepreneur awarded a loan, we work to ensure adequate market exposure for the company and its products.
Our Fellowship Fund operates within our execution and delivery system. The system tracks, trains and mitigates follow up on every dollar loaned. Often, people default on loans due to a lack of scrutiny and oversight.