The inhabitants of the rural areas in Zambia do not have access to financial services. If you do not live in a city in Zambia you simply do not qualify for a bank account. A large informal economy exists due to the lack of financial services. New investments done by the people themselves become feasible by making financial services available to the people of Macha. In addition, the new bank office will make life much more efficiënt. It often takes a full day for employees of various organizations to get money from the bank after the salary is paid. In cooperation with the national bank Zanaco Macha Works therefore starts a pilot project in Macha. The new bank office is initially based in a sea container and once a week cash is supplied by Zamanco in Choma. The electronic transfers between bank accounts can be done by electronic banking services. Macha Works seeks sponsors for the construction of the final branch of the bank office that will be subsequently hired by Zanaco.
Amount 10.000,- one-time investment
amount is reached
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