Since November 2019 LUANAR's Department for Agribusiness Management and Sparkassenstiftung fuer Internationale Cooperation entered into a partnership agreement. www.sparkassenstiftung.de/en
Since August 2020, the project joined the regional project of Sparkassenstiftung in Southern Africa, with the neighbouring countries Zambia, Zimbabwe, and Namibia. Common to all project countries is a significantly unequal distribution of income, and, in some places, an explicit poverty challenge. MSMEs suffer from lack of access to financial services. There is a significant need for them to improve their business knowledge and management skills to provide a sustainable contribution to growth and employment. In addition to this lack of "bankability" due to low levels of basic financial and entrepreneurial training staff in banks and supervisory bodies are often educated towards the formal sector and lack microfinance and micro-entrepreneurial knowledge.
The regional project with its project in Malawi contributes to strengthening the role of small agricultural and non-agricultural enterprises in terms of economic development and employment in their respective countries. To this end, the project aims to improve the skills and entrepreneurial abilities of entrepreneurs and thus improve their access to financial services. In the financial sector, including the supervisory bodies, educational opportunities in previously neglected areas of micro- and SME financing will be improved. Tasks of the project are the improvement of commercial skills and entrepreneurial abilities in small enterprises and farmers. For this, local intermediaries, institutions, and trainers, will be developed who will interactively teach these topics in courses or within the framework of vocational training measures. In addition, training courses will be developed for employees of financial and microfinance institutions to improve their understanding of the target group. Representatives of the supervisory authorities are trained from a supervisory perspective, to contribute to the performance and thus the security and outreach of financial institutions.