Innovative micro-credit schemes empower Zambian women entrepreneurs to thrive.
Zambia's Credit Management Services (CMS) offers micro-credit schemes for women entrepreneurs through innovative methods like portfolio diversification and transparent management. CMS has found that women are a lower credit risk, strict contract enforcement is crucial, and close supervision improves performance. The success of CMS is largely due to its approach of lending to members of existing women's clubs and holding regular club meetings.