2. Fundo de Desenvolvimento da Mulher www.fdm-mz.org

3. About FDM FDM was first created as a project of the American organization Save the Children in 1997, beginning in the Gaza province with a single objective – to make a positive impact on the women and children of Mozambique by giving them access to micro credit in small groups of 15 to 25 members. While each member of the group received their own loan, the responsibility of repayment was that of the entire group. The Women Development Foundation (FDM) and its Headquarters in Xai-Xai, Gaza was founded in 2002 and is an authorized Micro Credit Institution by the Mozambican Central Bank since October 2004. FDM operates in three provinces of southern Mozambique, serving rural and semi-rural areas by offering sustainable, quality financial and non-financial services to the low- income residents of Mozambique, especially women. FDM promotes financial empowerment, economically and socially to Mozambicans living in the South by meeting with the local population, studying their needs, and helping them accordingly. FDM offers four different forms of micro credit as well as micro insurance and it has become clear that the Institution has a very important impact on local poverty alleviation.

4. Vision & Mission www.fdm-mz.org The FDM’s vision is to become a Microfinance Bank which will serve all the rural and semi-rural areas in the south of Mozambique We have the mission to increase the economic and social level of micro-entrepreneurs, and employees with low income, in particular women, through the provision of sustainable financial and non-financial services in the rural areas of the South of Mozambique.

5. Who Does FDM Serve? www.fdm-mz.org FDM’s targets are all the Mozambican living in the rural and semi-rural areas aged from 18 to 65 years, in particular women.

6. What do We Offer? GroupIndividualAgriculture Min. Capital $23 per person $109$109 Max. Capital $922 per person $12.635$12.635 Interest rate 5% p/month 3% p/month RepaymentFrequencyWeeklyBi-weeklyMonthlyBi-weeklyMonthly Depends of Production Term2-6Month2-18Month Depends of production Fees$0.72$0.90$0.90 Micro-insurance 1% of the loan CompulsorySaving 10% of the loan Guaranties Group solidarity Households Goods Animals, group solidarity and households Goods Training 4 session Non

7. The new products Consist in micro-loans with low interest (2.5% a month) the objective is to grow the products quality, it includes new features like, technical assistance with the department of agriculture in the districts and access to equipment which will help in the agriculture activities. FDM will be able to work directly with other organization, and have information about the selling market for the products that there clients will produce, this directly link with other organizations will give the facility on the Legalization of the clients small farms. In the beginning clients can take this type of loans for two years, after that the will be able to have an access to the current FDM loans. New Products from 2008 www.fdm-mz.org

8. FDM Annual Indicators Reports Indicator200620052004 Active Clients 212117301411 Active Female 81%96%96% Outstanding Loans $378,674$205,910$125,919 Portfolio at Risk >30 days 1,51%1,85%3,31% Operating Self Sufficient 100%79%54% www.fdm-mz.org

9. Thank You Kanimambo You can see additional information about FDM By clicking here to Visit Our Web Site www.fdm-mz.org You can see Our Clients photos and or read there History Click here. www.fdm-mz.org

10. Clients

11. Roda is 42 years old and owns a furniture store in Xai-Xai. Every month she goes to Chicuala Cuala to buy materials, and she works with a carpenter to build the furniture she sells at her store. Because her products are more expensive, sales tend to fluctuate from month to month. Roda is currently single after leaving her husband because he wouldn’t work and help support their children. She has five children, the oldest is 21 years old and the youngest is 6, and she is also taking care of three of her nephews who are orphans. With the money she earns from the business she is able to ensure that all of the children attend school. She also uses the funds she earns to financially support her parents. She has had one loan with FDM in the past and it was helpful because it allowed her to expand her business and the number of products she can offer at her store. With this current loan she hopes to use the money to buy more materials so she can respond to all the orders that she receives as well as possibly hire another carpenter to help at her store. She dreams of some day buying a larger house for her family Roda Albino Macuacua www.fdm-mz.org

12. Sara Jorge Muchanga www.fdm-mz.org Sara is 36 years old and currently owns two different stores in Xai-Xai, one a general store that sells a variety of products (different types of food, drinks, and daily necessities) and another where she sells new clothes. Her husband also owns a store that he runs in South Africa selling different fruits and food products. She purchases her inventory from Maputo as well as South Africa, and goes to Maputo to get more goods about twice a month. Prices vary depending on the different products, but she sells pants for only about 10 USD and a blouse for 6 USD. At her general store, she has hired one employee to work there full time. With her two previous loans from FDM she was able to open her general store (before she only sold clothes), and with her current loan she hopes to use it to increase the variety of products she offers at this store. Before FDM, she was only able to provide her family with about two meals a day, but now, as a result of the increase in profits from her new store, she is able to provide three. Sara has five children, ranging in age from 10 to 18, and all currently attend school. She hopes that one day she can buy a larger house for her kids as well as continue expanding both her businesses.

13. Caldina Nhabonga Caldina is 41 years old and owns a stand that sells maize, beans, and peanuts in one of the central markets of Xai-Xai. She is able to get these products to sell from Nhomatenda, Nampula, and Tete. Prices vary depending on which product the customer wants to buy and how much, and she has many regular customers who frequent her stand every week. Using her previous loans from FDM, she was able to start selling peanuts at her store. Her past loans have helped her not only increase her inventory and the variety of products she sells at her stand, but with the subsequent increase in profits she has been able to pay for the education of her 8 children and more easily provide meals for them everyday. She has also been taking care of her six younger siblings since her parents passed away. With her current loan she hopes to buy more bags of peanuts to sell at her store because they have been very popular with customers who regularly frequent her stand. She dreams that one day she will be able to earn enough money to buy a car to more easily transport the materials for her store and to build a new home.

14. Candida Arao Manjate www.fdm-mz.org Candida is 27 years old and runs her own beauty salon located alongside the main road of Xai-Xai. Here at her salon she offers over 25 different services, ranging from coloring hair to hair styling for special events, and she charges as little as 1 USD for a normal hair cut to about 6 USD for a perm and special hair treatment. She is very organized and keeps track of all of her clients and their purchases so that she knows which services they like and how often they come back to the salon. Currently, her most popular service is hair coloring and hair braiding. Candida learned how to cut, treat, and style hair in school, and while she is not married, she is currently helping her sister take care of her two nephews. With her four previous loans from FDM, she was able to invest in more materials for her store and thus offer a larger variety of services for her clients. She was also able to buy another hair dryer and a new machine to cut hair. Because of these new services, she has many more clients than she had previously. With this current loan, she hopes to expand the size of her salon and buy many more of the different hair dyes, treatments, and other materials that she needs to run her store. She also wants to buy another hair dryer, and she hopes that the loan will allow her to offer an even larger variety of services. Candida hopes that one day she will have enough money to construct her own house and to open another business, this time a general store that sells a variety of general necessities. While her salon is doing well, there are still times when she doesn’t have a client in the salon and she hopes that by again expanding the number of services she offers, she can attract even more clients and improve her business.

15. www.fdm-mz.org