Mayankho SCIO
Also known as: Mayankho
- Country
- Scotland
- Charity number
- SC051999
- Status
- Not Submitted
- Registered
- Sept. 13, 2022
- Legal form
- SCIO (Scottish Charitable Incorporated Organisation)
Address
- Address
- 63 Orchard Brae Avenue
EH42UR
Contact
- Website
mayankho.org
Activities
'It makes grants, donations or gifts to organisations'
'the advancement of education'
Mayankho serves local communities with education around entrepreneurship and financial literacy. We support women in Mulanje, Malawi, to learn the foundational knowledge and skills to generate revenue for them and their family through entrepreneurship, while also providing a structured micro-loan to them each year as they grow their business. One of our Founders, Nancy Chinyanya (CEO of Malawian entity) peviously owned a restaurant in the area that has now become our physical center in Malawi. Our team is experienced in teaching entrepreneurship, tracking business growth and supporting a micro-lending operation. To date, we support 85 women who have started businesses through Mayankho, and our earliest cohort is earning 60% more than the average national household income.
Beneficiaries: 'People with a particular ethnic or racial origin'
Objectives: The organisation's purposes are: 4.1. To support, Mayankho Community Based Organisation (CBO) in Mulanje, Malawi. Mayankho SCIO will raise, store and distributed funds to Mayankho CBO. 4.2. To advance the knowledge and skills of Micro-enterprise founders in Malawi to see them successfully grow their businesses into Small or Medium-size Enterprises, create more jobs in their communities, and generate revenue for themselves and their families. 4.3. To support the delivery of education and training around business and financial management for Malawian women aspiring to launch, grow and sustain Small or Medium-size Enterprises. In addition to education in business and financial management, Mayankho SCIO supports the delivery of education in life skills including early child development, pre-primary education, maternal health, and ecology and environmentalism. 4.4. To provide financial services to Malawian women and youth in the form of micro-loans. These loans are provided on an annual cycle, with a fixed low-interest, and will increase annually in accordance to the recipients educational progress. 4.5 To support the creation of active communities of Malawian women who are aspiring to become financially independent by running businesses. These communities meet regularly for support groups, recreational events, and will participate in education and training as peers
Geography
- Main operating location
- City of Edinburgh
- Geographical spread
- Overseas only
Finances
| Period end | Income | Expenditure |
|---|---|---|
| Dec. 31, 2024 | £0 | £0 |
| Dec. 31, 2023 | £20,766 | £16,873 |