1. Diaspora Banking

This project was orchestrated by twenty-five (25) women under the
leadership of the ZAIN Vice President, Nasilele Kaingu. The main goal of
this project is to empower the community to have easy and quick financial
access without requiring collateral. An executive was appointed, and a
constitution was drafted. The group holds monthly meetings to discuss
operational and administrative matters.
Diaspora banking is an informal mutual-support group designed to offer
financial help to community members that do not have the privilege to
have access to the services of a formal bank. Its main mission is to
ultimately give financial freedom to its members by promoting a culture
of saving and investments. It is a type of microfinance or micro-credit that
acts as a support system when unprecedented events occur. It shares the
same concept as the commonly known village banking in Zambia and
other parts of the world.
This initiative’s cardinal requirement is trust and willingness to borrow
and payback. So far, the lowest loan request is $500 and the highest is
$4,000. By the end of the cycle, the most member will be eligible to
borrow a maximum of $10,000.

FUTURE PLANS
1. Build a 3 bedroomed house by the end of 30 months for each member.
2. Purchase land in the Fringilla area for building a Cancer Screening
Center.
3. Build an elementary boarding school for disabled children.