MAYANK Mayankho Community Based Organisation (CBO) ￿t￿lIa1 Report 2023/24 l£tter from our CEO 2023/24 ius been an exciting and inspiting Ye￿ for May*)kha 1S1)At once an excitr¥ localised project in Mithje, aiming to uplift 25 wmen that wete connecred to aiid me, bAS gtOMI itito An iMp￿t Community Based Orwsation (CBO) that will 5UWlt 8eAieiatioiis VL L'litseprel￿U[S IE] Mu]2nje. IEI 2024, we h8ve giowii into * gigssrwts oiganis•tion that serve$ 130 entseprenews, who suppoit at) #dditiong1050 people iti tbeit household% ￿$$ 9 vi]]¥s iti the rewti. busIti￿9 hAve generated 15x Ati revenue on ch £ donated to NlayaDkho. the fftiage net Profit of A may￿ busitiess in out fitst cohort is now 50/0 highei th￿} the avei%e household illcome. We ate at a pivotal Mon￿￿t iti oux story. We have eVal￿ted and iedttgned out syllabus attd lendittg model with a teatn of expeit5. we boast * powerful te4m of 5 fith.litne statt and we See the e￿e[gellce of a solid ndii% pipejitie. Iti the next thtee yeAts. have outlined thtee coie objectives that will sha￿ M2yatthho'5 e. These ￿e19￿d ourlgter in this iepoit. Not onty will these objecti￿$ enhance ow mission delivery. but 12m delighted 2nd pIoud with the am22it¥ effoits of the team ill M2]2wi We thank you foi yout 5UPPrt An hdping hlay3nkho iexh this poinL and hope that you continue with us Eoi the next dupteL Foiinder & Chair. IL 12vankiio SCIO **1** ## **Executive Summary** Malawi, like much of sub-Saharan Africa, experiences significant challenges in offering profitable and sustained liflihood for her 20 million citizens. Roughly 80% of Malawians live outside of major cities, and finding opportunities to be self-sufficient and financially independent in rural areas remains challenging outside of small-holder farming. Also similar to much of sub-Saharan Africa, Malawi’s informal micro, small and medium-sized enterprise sector contributes large amounts of Malawi’s GDP and adult employment, although many entrepreneurs struggle to start and sustain businesses due to a lack of education, sustained capital support, and access to new markets. In 2019, Mayankho was founded to equip people in Mulanje, a Southern region of Malawi, with the education, capital and community support to achieve financial independence and self-sufficiency as an entrepreneur. We began offering low-interest loans and basic training in order to build a strong community. This community has blossomed into a grassroots organisation that now serves 130 entrepreneurs, who support an additional 650 people in their households, across 9 villages in the region. We have witnessed our earliest members sow sustainable seeds of income that has improved their abilities to pay school fees, make financial decisions independently, and to navigate inevitable challenges that occur through extreme weahter in the region. Since we launched, our earliest cohorts have experiences two major cyclones, an unexpected and drastic devaluation of currency (44%), and a global pandemic. We have been relieved and inspired to see our members use savings from their business, and their knowledge and experience of entrepreneurship, to navigate these challenges as leaders in their communities continuing onward with dignity and improved well-being. Now, in 2024, we have refined our vision of why Mayankho exists and, in close collaboration with our clients and partners, have drawn up a strategic plan of how we reach our own position of self-sustainability. In the next three years, we will launch our new program offering a certified education in entrepreneurship and business management, a sophisticated micro-lending program to students, and an Alumni program that propels our gradutes into the next stage of sustained financial independence. This strategic placn will lead us to new revenue streams including governement subsidies, new institutional funders, and increase annual contributions from a broader network of supporters. We are honoured to submit our request for support to The Altenburg Foundaiton to help us navigate this pivotal chapter, and to enable us to reach our next period of self-sustained impact on vast communities in Mulanje, Malawi. **2** ## **1. Strategic Rational - Why does Mayankho exist?** Despite noticeable infrastructure developments in Malawi in the past decade, there continues to be a significant divide in poverty eradication between rural and urban areas.[1] The number of Malawians living below the international poverty line of $1.90/day has declined only slightly from 71.7% in 2010 to 70.3% in 2016, however, due to population growth, the number of people below the international poverty line has increased by 10.8 million to 12.1 million. We are witnessing increased urbanisation in Africa, but urbanisation is[2] majorly concentrated in North African countries and emerging economies. Malawi remains primarily rural, as over[3] 80% of the population do not reside in major cities, and[4] over 90 percent of the country’s poor population live in rural areas, where poverty has actually increased since 2010. Therefore it is increasingly important to identify alternative routes for rural households in Malawi to join the country’s economy and increase the financial independence of their families. Thankfully, we have witnessed effective mechanisms to reduce poverty and increase household income.[5] In sub-Saharan Africa alone, micro-small and medium-sized enterprises (MSMEs) represent more than 90% of businesses and employ about 60% of workers. In Malawi, 6it is estimated that the MSME sector currently contributes about 40% of gross domestic product (GDP) and 24% of employment, and that about 21% of the country’s adult population derives their livelihood from the sector. **Micro, Small and Medium-Sized Enterprises in Malawi face significant challenges to grow** 7Source: FinScope MSME Malawi 2019 Survey There is an ongoing challenge with the sector though, which exists similarly across sub-Saharan Africa. The majority of enterprises do not grow beyond micro-enterprise status into a larger business with sustainable revenue sources and job opportunities. In Malawi, 74% are micro enterprises, 23% are small enterprises and only 3% are medium enterprises. A prominent challenge for business owners to upscale is securing capital support, valuable knowledge and business management education, and a supportive community that can enable expansion. Another challenge that over 60% of Mayankho community members referenced upon joining, is the availability of options for a first-time-founder of a micro-enterprise to begin borrowing. Firstly, most lending **----- Start of picture text -----**
|||||| |---|---|---|---|---| |1https://databankfiles.worldbank.org/data/download/poverty/33EF03BB-9722-4AE2-ABC7-AA2972D68AFE/Global|POVEQ|MWI.pdf| |2https://www.brookings.edu/blog/africa-in-focus/2020/07/16/figures-of-the-week-africas-urbanization-dynamics/| |3https://tradingeconomics.com/malawi/rural-population-percent-of-total-population-wb-data.html| |4https://databankfiles.worldbank.org/data/download/poverty/33EF03BB-9722-4AE2-ABC7-AA2972D68AFE/Global|POVEQ|MWI.pdf| |5|h|ttps://cenfri.org/wp-content/uploads/GIZ|MSME-Resilience|Ghana.pdf| |6https://blogs.worldbank.org/africacan/supporting-malawis-small-enterprises-spur-economic-growth-and-create-more-job| |7https://imanidevelopment.com/wp-content/uploads/2020/07/Finscope-MSME-2019-survey-Full-Report.pdf| **----- End of picture text -----**
**3** institutions in Malawi require credentials in the form of a credit rating/score. In addition to that, the small number of lenders that are less strict around credit ratings offer a repayment cycle of under 6 months. This short time period, coupled with no business experience of applicable education, leaves borrowers with a significant and new financial burden looming: debt. Mayankho exists to address this dual challenge of funding and education. We are intervening in the earliest, foundational years for someone living in rural Malawi who aims to run a sustainable business. Similar to other African countries, the top end of Malawi’s MSME ecosystem (businesses above $1M in revenue)[8] continue to be funded by large international donors however there remains a gap in opportunities for Malawi’s poorest demographic to begin their journey as micro-entrepreneurs - accumulating knowledge and skills, business experience, and financial support. We are enabling individuals in rural Malawi to progress gradually through their first five years of business, and enter the economy as sustainable and verified business owners who are equipped to receive a loan from an existing lending institution, but more importantly scale their operations successfully upon receiving their loans. We aim to build self-sustaining community hubs across Malawi that supports thousands of aspiring business owners in rural areas to participate in the national economy. 8https://www.worldbank.org/en/news/loans-credits/2020/08/25/malawi-financial-inclusion-and-entrepreneurship-scaling-project MAYANK 2. Our Story so far 2.a Our Foiinders. Siory CcFFounder% 1)2ve kI￿ry) each other foI over 13 yeats. ILI tILiK tlliie Ki'e botb led eJreeKs in various diistttes but with * cofft]stant itwestment An Mu]2w'e. Lllalawj ii"i)Iked closely n3tion31 female kadeiship efFott, i'ILile woxked thro¥h the N'GO sector in Ewope & sub.S21LuAti Afric£ It] 2019. we caught y and wckly rea]ised we shated a corntnon goal- ueatiijg a seif-sustianill hiib in the atea that can Liplift and vujnetable Ivuth. Mayankho fowth in 2019 uryth the intention to cre*te . route tOW2tds lo￿.te￿rn fit)a1￿￿ It￿￿￿dence. This n￿All, hsvit]g the ability to tnake 6naocig1 deciooos foi you aod yoi family. By piovidll￿ wmen with * consistent monthly income. we enabling them to re-invest in their householil atjd their thildreu's futtue& 2.b Oiir Impaei io Date MayAi]kho sijppits asp￿ busine55 to ]Aund4 sustain scale mictO-enteipri5es into 5UStainable businesse& We ptioiitise •pp]ic4ble educ8tion skills developmenL Ixlonging to ￿ en•bkng community. and c*pitsJ suppor( An guidAng commw)ity members throw the e9Aiest fOu[￿tional yeaxs of busine$* Our progr9m has supported three cohorts of LuKaJ entrepreneurs to ptogress from h*ving no business expetience 01 ciederiti21s. to becoming a leadi1￿ applic￿lt foi financAal SUp￿￿t from the cowitrl5 existi1￿ leii(kng insti￿tiOns. 130 18 new businesses cutientty supported additional jobs created ￿rythin existing May￿}khO busAnesses 2.5x 5% neiated in ievenue foi every donation to tsyanklK) Avety net-piofit of 2 M2y2nkho business is higher %lalawi s svety household iucome 780 AT￿￿ge household Size of May#￿0 program Mayankho's impart is becoming mole visible throughout our journey. In 2023, we were supprting 130 busines5e5 in seven Tiliy. We conducted a review of the data fot out fit5t tw cohorts d￿l￿g their fitst MAYANK yea[5 with Mayankho The aV￿age annual net piofit in yeAt I wa5 hlWK333.504 (f277). Mayatho busiThe55es ate generaling 5ignificaot teveoue io COmEMtison to the idatsvetylow 109ll aD]ouots piovided 50 fat. Ill 2020121. our businesses geneiatrd accumulative £18.266 xll ievenue actoss the coxnmunity. at]d ill 2021122 this incre#sed to £30,155. This 1$ 2.5x on e*ch doNtion Provided to Maygnkho in that period. hort J PErform￿￿tryI%￿22) Gxaph I shows the avei8ge busines5 revenue in Cohort l over two yeats The green dotted litie zepresents the Ivexage household income in that time fxame. We saw exF*rted di￿ it) revenue when Nfalawi's COVID Iestsictions weie at theii most seveie (Od 2020. Aug & Oct 2021) ￿]d weie happy to See ieveiiiie ietturi to pievious hghs whefti wete eAsed. tkning theit second each month a membeI of Cohort I ati avuage of hllVK34.029 (£34 net piofit) into their househol(L While this seetns like a ie]atively small fiwe iti foieign curiency, an Accumulative NIWK408,349 IL4081 in new household income remAinS 50/0 more than the 112ti011g1 aveiage. We ate pleased to see positive business gi0￿￿ atKI household iiicome After the 5ecoiid of five years of a N12pukho busAness's existeftice. 2nd aim foi these nllMb￿s to iiiciea5e swficatitly as we be￿1 incteasing starttlp loans for the IAttex yeArs of the progKanL al.￿&110 ptsrc Al oiu PhF51(￿ cclltti ba5cd Lt) leiiiheii (Jk IlAI'AIikJio CBO ! BtsAIil IvAILIly A hii%ili*%S Atid .￿trY0f ie&E Spec￿￿%1 A8llCth￿ Pfrl and NCA 20231 MAYANK 3. We would like you to introduce you to our commurrity oun jit# Eneless Investtnents wa5 altnost imtnediately ekcted intunally a5 Maythho'5 first cohort's ch￿￿[So￿. Just befoie joiiiitig Nfaiw)kho. ame the only source of income for her house1￿la ol" lii'c) chilthen. She also foLced illto ullenipl0}ll￿llt 2t the titne aitet esc*￿ 2 pbysic2lly abusxve boss. wbole521eis b25 Continued to perfoirn as ooe of the strongest busioe55es in cobort. mauitainitig Ao average tnonthly reyenue of NfWK90.(th ffJY/o of hei ar￿￿￿1 lo￿) and eatning an aveiage of MWK39.( in monthly I)et pLofit. She has cteated one *dditional fi￿.tin)e lo￿ Afte[ paying school fees foK het children aad othex members of t￿￿ com]nurrity. she ie.itivested rew xllcome in ttvo l04.tsrm pIojerts - # pgsty. 2tMI la￿d foi a new home. In 2022. she sold hei pigs completed con5knictioi) oil a new home for heI and hei childten. She 15 now eAtning [eVe￿Ie Ciom rent foK hei old house t is a peifect example of M*Yankho's belief in the of indiitidiul InotheLs a￿1 female Iole Jiicx . s should we be *ble to ut]lock au OPP￿tt￿lty for c2pitsI eth]c2ti0n. plans to open g new shop and pig fatm WAth I Ancreased lo2￿ which ￿ryll iely oil her emploTiI]g IlL.￿. suff members ye￿. ¥4bS3IFDI b)Joth1 3&4 'JL.' ￿'JLL b.J. d*it coh0tt5 of entrepreneurs MAYANK owi uka Mkamwa AgrfrDealer8 agrrTrdealeIship is ￿[ormItig well despi￿ Malawian farmers currentty facing Chall￿t$ itll soatitjg feitiliser ptice& Aon2 5 busxness w2s the first that our fouttders visited tO￿ther d meetitjg Nlujanje Novembet 2022. We through Se￿￿21 v￿12£eS a lot of $ev￿ely ulldei"perfoinung fattniaods to attive th￿e. which ueated a sense of conc￿￿ that a MayD2kho busiuess coukl be sufferirg Simi￿ losses. However, we ￿[Ived at one of the bp%l.peIfoiming agticulttuaj projects tbat we b2ve seen ill M2]2WA dw our fitst yeJrs of yI2tiolls. b2s alreAdy created or)e additional fi1ll.time job to xnat]sge ber fatm and one part.time job diiuL)g the hatvest period. rJJade two signifieant pivots in hei business since lo￿l￿g MayaDkho that conttibuted to her siicces5. Fit5t she used her loan to Putchase piping and itiiggte her hnd (tom a local xiver. Secondty, upoii fgtuig the sarne ferti]iseK cl12lle¥ 25 otheK f2tmus An M21aw4 AoAJa 2pplied Son￿ lessons ftom LM2yankho s AddrGLfin£ Problems module to cIe2te het OTNn fertilisei usAng PUrcb￿ed manute from livestocL geneiated just iumki NIWK4(KI.O(Kl All ievenue from Novembei- Decembei 2021 aftei hei h2tiLsL ha5 earned an average NfWk36.476 in monthlly net profit for her household since joining Mayankh el Ot 1grry Fniii Supp]ie• joined may￿￿0 iti 2021 *s A ll￿Mber of Cohort I She As a beekeeper Alld e￿tsS hex iiicotnc b!" s¢￿1)g honey at four seasonal intervals per yeaL Beekeeping is becoming increasingly POPU￿ as a source of income for TADmen in sever41 countsies in sulFS9h￿9n Afric2. iM2]2wi bang one of them. The sector is giowing due to seveial fartor5; fi￿{ting and subsequent endoisernent ftom the goveinmeiit (as It is sustainable and I￿¢[elSe$ biodivetsiry). ￿te￿n￿liE"C soiiicc5 of ￿(oMe lthe wood and dwcoal ate iedu 9md blalawian honey is pioving to be delicious. is capitsIising on this by tunning Fagrey Fruit Siipplies. When she joined M*y8nkho, shv li'.icl iiiiy l)IbK tLli btts. Now, sn 8 small forest behii)d her house, She ha5 five beehives and produces enough boney to eAtll just hIWk40.IXX) in moiithls" iiet piofit. eatniDg up to ill monthfv ievenue dunllg fout lJgThest pei yeaL Next yeaL. plans to ￿￿[k on pa¢kngu¥ Ind presentatio￿ *$ well as jdentifvu￿ l#Kget customei gioups to sell 10. MAYANK 3.a Meet The Team Co-Foiinder, CEO of h1#Y￿ikh0 CBO co.Founded blayankho in 2019 2nd h•$ led oiir 0￿￿#tiOnS An Mu]2nje. Malawi S1￿Ce the She has giown the commi￿lty fiom 25 initial lenders in I I￿19ge to 130 entiei)Lt'llt'iLts ui 9 villages c￿￿ell¢lY. Puor to hlaygnkho C￿eerS iti national to￿lsM ali )oiitses. tlie fenule le￿￿shiP pillat of the national chI￿Ch. and tunni hex own business succe$fi￿v. Co-Foiinder, ChAir of Mayankho SCIO c(>Fourth Mg}*tthho iii 2019 atsd h*s been PLOU'll% the Scottish charity entity ever since. His ole b25 been focused on fillKlt1i5￿ and strategy. while siippoiting with opeiational needs Th.hpre possibk from gf9K. Outside of Mgyankho. i)rks is • Development Consultant and in tlie role of Development Ditectoi at Aftican IAdesihip Acdatney. D:ii-i & Loii)s Officer l]as been a pjtt of ,KlayAAthIIo 5llice 2021. He has held the role of d*t* officer, but his 511wrt extends beyond that a5 be supportx ment015 god ¢ounciJ5 the tnembe15 each month during his indtvidu91 site visxt5. He LS 2 seIf￿￿C2ted entsePIelle￿ who runs a $ucce55ful to￿l$M business outside of M#y2nk .4ccoiiniant & Digit14 1 joined NlayDkho to lead oiu Ix)uk-keeping gnd accountin& He is exFrieLiced An dolt cutIiculum and lesson and gccoulltsng foi ]Atge h05pits]ity leadillg all teachiDg foi the busiuesses in Malawi's toutist M#ygnkho community. She h#s * He is wer to pitrot into g backyound in Educatio more xtnpct41tiven orwsatio illcluthDg founthng bet own He also sw)prt out ￿0 io out piogta SP￿1￿￿d Ed￿*¢1011 pillgL MAYANK 3.b) ()iir Trii$iees Hud .niversity Consul￿11. cIi?.es Gioup. of Science 2nd Technok)gy Foimety CEO. aassioom5 foi Malawi Cttiiei Association of Malawi. Seuior.ItttureL Macioeconomics. MUST (MUSTI Cieilil Si)trciAli%l. FINCA I[Ala￿-l Rcsc?icli Fclloii-5. tL)iidoii Scliool of Hygene & Tiopical imeth'cine 'eiiliiie Pxitiiet & Pio.£ixIJi Desi￿) Speck￿ls1. kn]zisha Lea￿ c￿lsts, Hospital School Ma]#wi Ministsy of A￿le￿It￿e Conserv2tioLI Trust **10** ## **4. Our Newly Designed Learning Model** In April 2024, we gathered a team of experts to redesign our program. Our objective was to build a three-year syllabus that is designed specifically for people in our community – micro-entrepreneurs in rural Malawi. Over four days, we gathered extensive information from the existing community, and combined it with deep experience and knowledge of micro-enterprise development and micro-economics, to build a well structured program. Over 3-years, an entrepreneur will attend intensive weeks three times per year where they study specific modules. Each module has been constructed around desired learning outcomes, clear assesment modules, and facilitator guides to inform lesson plans. Between intensive weeks, they will receive one-on-one, group and peer-to-peer coaching. They will be assessed regularly and consulted on their progression. They will receive individual loans that support their business need but also respond to their performance in the program. After three years, entrepreneurs will graduate with a legally registered business and a qualification in Business Management & Entrepreneurship from Malawi’s Vocational Training Authority, TVETA. Some of the lessons that we learned and how we plan to respond: - A lot of our community have not progressed past primary education, and some didn’t attend any formal education. Therefore, there is a need to integrate basic literacy and numeracy education in the early period of the program. We will host a literacy and numeracy module in the first three months of the program. - Our new curriculum will now qualify for a government approved qualification in business administration and entrepreneurship. We will begin working on getting accreditation as soon as the first cohort of the new program has launched in September 2024. - We must lend individually to members rather than in cohorts to serve their specific needs as entrepreneurs and individuals. We will work with each member to assess each entrepreneurs’ needs before they begin the academic year to ensure they receive the right amount of loan. MAYANK li Mayankho?s Three-year Program cat3 Ye￿1 Yu[2 B￿lD￿55￿jSLts& Ye￿2 Yeat 3 Yeu3 Year L. Iottnsiwelveekl {JDaJ¥) Ye*tJ.. ILitn*htTKeek I (J D•551 . Ouelltsf*Ja . Intso to leadttshg GRADUAIION Io.ftxsL Juty 2(Q,( 2(P/o IntErext InT¢ntr We¢k 2 (J D4)X) In¢¢n￿ve Week ?. IJD4xi JDMI Re50Utce5 su￿ss & IA>qll 2 loptiothall 2LD.O 2ff/¥ Iotuest InteDIiTE Week 3 teniiFE Week J IJDa!J} 13D*p) **12** ## **5. Mayankho 2027 - What is our vision for the next three years?** ## **5.a Objectives: Bridging our transition into the next chapter** We request The Altenburg Foundation’s support to help us move from strength to strength. 2024 marked the first moment in our history that Mayankho was in a position of financial stability and we could invest in strengthening our team and program. We now have a clear vision of how we can progress towards scale and new revenue streams. That vision has a few headlines: ## ● **Enroll 150 businesses in our new 3-Year Program before April 2024.** We are running a BETA model of our new syllabus and lending model from August 2024-March 2025. Current members who have repaid the entirety of their previous loan, and have demonstrated strong business acumen and financial stability, will begin the second year of our new model and receive a larger loan (up to 400,000MWK). The other members who have outstanding loan repayments will begin the first year of the new syllabus but will not begin furthering borrowing until they have completed their initial repayment. Our objective is that all current members, in addition to 65 new businesses, are starting the new academic year together in April 2025 ahead of the harvest season. This is important because our community has experienced their highest revenue periods after the harvest, and we must ensure they have the funding to capitalise on this profitable period. In 2025, we aim to increase salaries of our CEO and Head of Education to ensure they can work full-time on Mayankho, increase our training budget to support the increased cohort sizes, and support a loan book of 150 loans. **● TVETA Accreditation for Business Management & Entrepreneurship Qualification.** We will work with Technical, Entrepreneurial and Vocational Education and Training in Malawi (TVETA) to accredit our new curriculum to award a nationally recognized qualification in Business Administration & Entrepreneurship. This has various benefits. The first is the ability to award our members, many of whom have no formal education, with a nationally recognized qualification for the first time in their lives. This opens doors to further lending opportunities and career prospects. The strategic benefit for Mayankho is that TVETA will provide a subsidy for teaching faculty salary costs under accreditation. This objective brings with it a valuable level of financial self-sustainability. We aim to achieve the first level of accreditation within a year (before August 2025). ## **● Demonstrate our model works before scaling through micro-hubs.** We have reached another pivotal point in our journey. The Mayankho model – learning and lending – can now be summarized in a manual that will guide future hubs to exist. We want to scale by transporting more students to study at our hub during intensive weeks, but also by replicating our model in micro-hubs in the region and around the country. Within three years, with the right level of support, we want to open two other micro-hubs that can host vocational training and entrepreneurship education using the Mayankho curriculum and lending model. MAYANK 2023124 BIIDGET Cosi Caiegory Totalknount Total kniouttt IGBFJ L￿an Disiribuiion 16 ￿ INJ).(￿1 7 755.￿) l Human Capitsl 7 650 ¢JXI.IX) 3 595.50 Fees i 43 545.78 20.47 T￿ining & Evellts 1040 I￿. 488.80 Rcpaits & NtsitLteDatLCe 2 693 791.38 1266.08 Piow Rcdey WothlM)P 7 363 105.55 3 4(I>.66 Teatn Ti 610 1XNi¢XI 286.70 Tot￿ Ex 35 91X) 44171 16 87321 19 8AKI (KK),( 9 JJ6.(M) Donations 124 383 8W,(X) 1 11460,43 Total Income 44 18J 8￿,(￿1 20 766,4J Fiill Fii)AncxAI YeAr (2025126) BLidget iNeeds Cosi C*te80ry A￿0￿1 TO1￿ Arnount (r Hiuli￿1 Capira] Dara & Loan OffKU 3J12,IXX) .557 Account￿t 3.(XX),IXX) 1.410 5.(XMJ,IXK) YJ De￿￿ettI Consultant 5.CQ),(IXI U50 T[￿nIng10PEx SMEDI TLainitJg 2282.OXI 1.073 3.082.fyXI 1.449 1682.fyxl 1261 Travel 1244 I￿)).( 752 TotAI CaptAiIOPEX 34.604. 16,264 tA>an Book 14280 Total 58,fAH, |**Cost Category**
**Total Amount(MWK)**
**Total Amount(GBP)**|**Cost Category**
**Total Amount(MWK)**
**Total Amount(GBP)**|**Cost Category**
**Total Amount(MWK)**
**Total Amount(GBP)**| |---|---|---| |**Loan Distribution**|16,500,000.00|7,755.00| |**Human Capital**|7,650,000.00|3,595.50| |**Banking Fees**|43,545.78|20.47| |**Training & Events**|1,040,000.00|488.80| |**Repairs & Maintenance**|2,693,791.38|1,266.08| |**Program Redesign Workshop**|7,363,105.55|3,460.66| |**Team Training**|610,000.00|286.70| |**Total Expenses**|**35,900,442.71**|**16,873.21**| |**Loan Collection**|19,800,000.00|9,306.00| |**Donations**|24,383,890.00|11,460.43| |**Total Income**|**44,183,890.00**|**20,766.43**| |**Surplus**|2,546,148.19|1,196.69| |**Balance Year End**|**10,829,595.48**|**5,089.91**| *Financial Year July 23 -July 24 **----- Start of picture text -----**
Annual Accounts Transaction Expenses Income
DATE ITEM REF NUMBER DESCRIPTIONS Paid Out Paid In Balance Complete? Loan Distribution Human Capital Banking Fees Training & Events Repairs & Maintenance Program Redesign Workshop Team Training Loan Collection Donations
2,546,148.19 Yes
23/07/2023 withdrawl - Loans for Coho 1723 Loan Distribution 934,000.00 1,612,148.19 Yes 934,000.00
23/08/2023 Cohort 1 Loan Collection Deposit 1823 Loan Collection 103,000.00 1,715,148.19 Yes 103,000.00
23/08/2023 Cohort 2 Loan Collection Deposit 2823 Loan Collection 175,000.00 1,890,148.19 Yes 175,000.00
23/08/2023 Cohort 3 Loan Collection Deposit 3823 Loan Collection 250,000.00 2,140,148.19 Yes 250,000.00
22/08/2023 Transfer Fee 4823 3,495.00 2,136,653.19 Yes 3,495.00
24/08/2023 Salary August 4823 Salaries 250,000.00 1,886,653.19 Yes 250,000.00
24/08/2023 Salary August 4823 Salaries 150,000.00 1,736,653.19 Yes 150,000.00
04/09/2023 Cohort 1 Loan Collection Deposit 1923 Loan Collection 167,000.00 1,903,653.19 Yes 167,000.00
04/09/2023 Cohort 2 Loan Collection Deposit 2923 Loan Collection 206,000.00 2,109,653.19 Yes 206,000.00
12/09/2023 Cohort 3 Loan Collection Deposit 2923 Loan Collection 204,000.00 2,313,653.19 Yes 204,000.00
04/10/2023 Salary September 11023 Salaries 250,000.00 2,063,653.19 Yes 250,000.00
04/10/2023 Salary September 21023 Salaries 150,000.00 1,913,653.19 Yes 150,000.00
04/10/2023 Cohort 1 Loan Collection Deposit 31023 Loan Collection 74,000.00 1,987,653.19 Yes 74,000.00
04/10/2023 Cohort 2 Loan Collection Deposit 41023 Loan Collection 153,000.00 2,140,653.19 Yes 153,000.00
04/10/2023 Cohort 3 Loan Collection Deposit 51023 Loan Collection 129,000.00 2,269,653.19 Yes 129,000.00
12/10/2023 Transfer Fee 61023 Banking Fees 495.00 2,269,158.19 Yes 495.00
12/10/2023 Transfer Fee 71023 Banking Fees 3,000.00 2,266,158.19 Yes 3,000.00
20/10/2023 Donation 81023 Donation 1,320,000.00 3,586,158.19 Yes 1,320,000.00
30/10/2023 All Cohort Loan Collection 91023 Loan Collection 517,420.00 4,103,578.19 Yes 517,420.00
23/10/2023 Catering Costs fo Even 101023 Training & Events 350,000.00 3,753,578.19 Yes 350,000.00
30/10/2023 Salary October 111023 Salaries 250,000.00 3,503,578.19 Yes 250,000.00
30/10/2023 Salary October 121023 Salaries 150,000.00 3,353,578.19 Yes 150,000.00
03/11/2023 Cohort 1 Loan Collection Deposit 11123 Loan Collection 40,000.00 3,393,578.19 Yes 40,000.00
03/11/2023 Cohort 2 Loan Collection Deposit 21123 Loan Collection 146,000.00 3,539,578.19 Yes 146,000.00
03/11/2023 Cohort 3 Loan Collection Deposit 31123 Loan Collection 159,000.00 3,698,578.19 Yes 159,000.00
29/11/2023 Transfer Fee 41123 Banking Fees 247.50 3,698,330.69 Yes 247.50
29/11/2023 Transfer Fee 51123 Banking Fees 1,500.00 3,696,830.69 Yes 1,500.00
14/12/2023 Cohort 3 Training 11223 Training & Events 690,000.00 3,006,830.69 Yes 690,000.00
14/12/2023 Salary November 21223 Salaries 250,000.00 2,756,830.69 Yes 250,000.00
14/12/2023 Salary November 31223 Salaries 150,000.00 2,606,830.69 Yes 150,000.00
21/12/2023 Salary December 41223 Salaries 370,000.00 2,236,830.69 Yes 370,000.00
21/12/2023 Salary December 51223 Salaries 230,000.00 2,006,830.69 Yes 230,000.00
30/12/2023 Credit interest 61223 Banking Fees 156,566.42 2,163,397.11 Yes - 156,566.42
30/12/2023 Account Tax Fee 71223 Banking Fees 31,313.28 2,132,083.83 Yes 31,313.28
06/01/2024 Cohort 1 Loan Collection Deposi 1124 Loan Collection 152,000.00 2,284,083.83 Yes 152,000.00
08/01/2024 Monthly Fee 2124 Banking Fees 247.50 2,283,836.33 Yes 247.50
08/01/2024 Transfer Fee 3124 Banking Fees 1,500.00 2,282,336.33 Yes 1,500.00
22/01/2024 Monthly Fee 4124 Banking Fees 247.50 2,282,088.83 Yes 247.50
22/01/2024 Transfer Fee 5124 Banking Fees 1,500.00 2,280,588.83 Yes 1,500.00
27/01/2024 Salary January 6124 Salaries 370,000.00 1,910,588.83 Yes 370,000.00
27/01/2024 Salary January 7124 Salaries 230,000.00 1,680,588.83 Yes 230,000.00
02/03/2024 Cohort 1 Loan Collection Deposit 1324 Loan Collection 300,000.00 1,980,588.83 Yes 300,000.00
02/03/2024 Cohort 2 Loan Collection Deposit 2323 Loan Collection 225,000.00 2,205,588.83 Yes 225,000.00
02/03/2024 Cohort 3 Loan Collection Deposit 3324 Loan Collection 125,000.00 2,330,588.83 Yes 125,000.00
14/03/2024 Carpenter, Renovations & Brickw 4324 Maintenance & Repairs 708,000.00 1,622,588.83 Yes 708,000.00
25/03/2024 Salary March 5324 Salaries 370,000.00 1,252,588.83 Yes 370,000.00
25/03/2024 Salary March 5324 Salaries 230,000.00 1,022,588.83 Yes 230,000.00
12/04/2024 Cohort 1 Loan Collection Deposit 1424 Loan Collection 113,000.00 1,135,588.83 Yes 113,000.00
12/04/2024 Cohort 2 Loan Collection Deposit 2424 Loan Collection 269,000.00 1,404,588.83 Yes 269,000.00
27/04/2024 Salary April 3424 Salaries 370,000.00 1,034,588.83 Yes 370,000.00
27/04/2024 Salary April 4424 Salaries 230,000.00 804,588.83 Yes 230,000.00
11/05/2024 Salary April 1524 Salaries 370,000.00 434,588.83 Yes 370,000.00
11/05/2024 Salary April 2524 Salaries 230,000.00 204,588.83 Yes 230,000.00
21/05/2024 Bricks & Labour 3524 Maintenance & Repairs 200,000.00 4,588.83 Yes 200,000.00
27/05/2024 Donation Transfer Mayankho SCI 4524 Donation 7,390,421.00 7,395,009.83 Yes 7,390,421.00
31/05/2024 Cohort 1 Loan Collection Deposit 5524 Loan Collection 380,000.00 7,775,009.83 Yes 380,000.00
08/06/2024 Cohort 2 Loan Collection Deposit 1624 Loan Collection 230,500.00 8,005,509.83 Yes 230,500.00
08/07/2024 Allowance 1724 Program Design Works 1,400,000.00 6,605,509.83 Yes 1,400,000.00
08/07/2024 Allowance 2724 Program Design Works 1,000,000.00 5,605,509.83 Yes 1,000,000.00
08/07/2024 Allowance 3724 Program Design Works 1,000,000.00 4,605,509.83 Yes 1,000,000.00
05/07/2024 4724 Program Design Works 98,000.00 4,507,509.83 Yes 98,000.00
09/07/2024 Accomdation 5724 Team Training 225,000.00 4,282,509.83 Yes 225,000.00
07/07/2024 Dream 6724 Program Design Works 162,000.00 4,120,509.83 Yes 162,000.00
10/07/2024 7724 Maintenance & Repairs 450,000.00 3,670,509.83 Yes 450,000.00
10/07/2024 8724 Maintenance & Repairs 150,000.00 3,520,509.83 Yes 150,000.00
08/07/2024 9724 Maintenance & Repairs 140,000.00 3,380,509.83 Yes 140,000.00
20/06/2024 Valmore Paints 10724 Maintenance & Repairs 1,045,791.38 2,334,718.45 Yes 1,045,791.38
08/07/2024 salaries 11724 Salaries 370,000.00 1,964,718.45 Yes 370,000.00
08/07/2024 June salaries 12724 Salaries 230,000.00 1,734,718.45 Yes 230,000.00
08/07/2024 uly salaries 13724 Salaries 370,000.00 1,364,718.45 Yes 370,000.00
08/07/2024 salaries 14724 Salaries 230,000.00 1,134,718.45 Yes 230,000.00
08/07/2024 salaries 15724 Salaries 200,000.00 934,718.45 Yes 200,000.00
08/07/2024 July Salaries 16724 Salaries 250,000.00 684,718.45 Yes 250,000.00
08/07/2024 Donation Transfer Mayankho SCI 17724 Donation 13,673,469.00 14,358,187.45 No 13,673,469.00
08/07/2024 Motorbike) 18724 Salaries 1,400,000.00 12,958,187.45 No 1,400,000.00
08/07/2024 accomodation 19724 Team Training 385,000.00 12,573,187.45 No 385,000.00
06/07/2024 Workshop 20724 Program Design Works 585,550.00 11,987,637.45 No 585,550.00
08/07/2024 Travel Expenses 21724 Program Design Works 1,367,555.55 10,620,081.90 Yes 1,367,555.55
08/07/2024 L Allowance 22724 Program Design Works 1,750,000.00 8,870,081.90 Yes 1,750,000.00
01/08/2024 Outstanding Loan to Collect 1824 Loan Collection 15,525,513.58 24,395,595.48 No ###########
01/08/2024 Donation 2824 Donation 2,000,000.00 26,395,595.48 No 2,000,000.00
01/09/2024 Loan Distribution 3824 Loan Distribution 26,395,595.48 No -
934,000.00 7,650,000.00 43,545.78 1,040,000.00 2,693,791.38 7,363,105.55 610,000.00 ########### 24,383,890.00
**----- End of picture text -----**
|**2025/25 Loan Book**|**2025/25 Loan Book**|**2025/25 Loan Book**|**2025/25 Loan Book**||| |---|---|---|---|---|---| |**Year**|**Average Loan Size**|**Quantity of Loans**|**Total Loan Book**||| |1|125,000.00|90.00|11,250,000.00||| |2|300,000.00|30.00|9,000,000.00||| ||||**20,250,000.00**||| |**2023/24 Loan Book**|||||| |Cohort 1|300,000.00|25|7,500,000.00|1,500,000.00|9,000,000.00| |Cohort 2|200,000.00|30.00|6,000,000.00|1,200,000.00|7,200,000.00| |Cohort 3|100,000.00|30.00|3,000,000.00|600,000.00|3,600,000.00| ||||||**19,800,000.00**| |||||**Collected to date:**|**4,274,486.42**| |||||**Outstanding Balance**|**15,525,513.58**|