Interview with Malawi’s young woman entrepreneur: Caroline Chidothi

Entrepreneurs Financial Desk is a new company in town owned by a 24 year old girl, who holds a Bachelors of Science in Management Information from the Polytechnic. Nyasa Times journalist Jeromy Kadewere interviewed her in order to find out more about their company.

Interview with Malawi’s young woman entrepreneur: Caroline Chidothi

Interview with Malawi’s young woman entrepreneur: Caroline Chidothi

NT: First of all can you tell us your name and education background

Caroline: My name is Caro Chidothi and l have a Bachelors Degree of Science in Management Information from the Polytechnic. I have also a certificate in Marketing.

NT: Can you tell us more about your company?

Caroline: The Company is called Entrepreneurs Financial Desk, and we are based in Blantyre. This company was established to provide business trainings, business advice and financial support to entrepreneurs with small and medium businesses.

NT: You provide financial support in what way?

Caroline: One of our programmes is to provide loans to people who have been trained with us. We introduced this programme after having an experience on how difficult for people to access financial services in our country. For instance, a lot of people especially the youths have good ideas to start small scale businesses but because they do not have capital to embark on such businesses they end up being frustrated.

NT: Yes, Go on

Caroline: Ha ha ha! Thank you…we have brilliant young men and women who are failing to access loans in banks because of stiff rules that financial institutions are providing. At EFD we want people to come and attend business trainings after that they will be given loans. These loans are accessed easily because they are processed   after three weeks.

NT: Have you already started these trainings?

Caroline: Off course yes. We did our first training last Saturday in Blantyre where we trained more than 20 people. There were a number of powerful Speakers like Mrs Ruth Njiragoma, who is the Managing Director at Wealth and Wellness Center. We also had Miss Carol Marjorie- Chairperson at Center for Women and Girls Empowerment and MD at Edwards Dry Foods. Sir Limbani Kaseko- MD at Mdinde Estate was also present.

NT: What is the way forward now after the Blantyre training?

Caroline: Our next stage is Lilongwe on November 28th. I would like to encourage everybody who is in business and those who are just staying idle to acquire business training because any business without training will not take them anywhere.

Jeromy: Are these trainings for free or is there any charge?

Caroline: What we urge people is to register for these trainings at a fee of K15,000 per head and a get a quick loan of MK100,000 to MK1 million.

NT: What is your age?

Caroline Chidothi

Caroline Chidothi

Caroline: I am 24 years old. A lot of youngsters in Malawi are talented but they lack motivation and we are here for them. They have ideas but they do not know how to go about it. We want to encourage them to come to our trainings to be equipped.

NT: What is the message you can give the public out there?

Caroline: We want to equip people to become entrepreneurs. We want people to become employers. As you know there is a high rate of unemployment in Malawi and that is why we came up with his idea of promoting entrepreneurs so that we reduce unemployment rate in this country.

Follow and Subscribe Nyasa TV :

Please share this Article if you like Email This Post Email This Post

More From Nyasatimes

More From the World

17 thoughts on “Interview with Malawi’s young woman entrepreneur: Caroline Chidothi”

  1. Sa Alani Shuga says:

    Nothing mentioned like the interest rate when borrowed the money.What are surity to recover when somebody bolts.How long does the training take to pump business ideas of these loafing Malawians.Where did she source the money to give somebody a capital of 1 million kwacha?Is this the Malawian Dragon type of businesswomen and men?

  2. Kamuzu Banda says:

    koma uli ndi milomo yabwino.

  3. Jj says:

    Good ideas!

  4. bix says:

    lol chilembwe wavuta pamalawi. so what does this company do? business training? a loan shark?

  5. Nyambitoni says:

    Caro just register your credit services with the Regulator if you have not done so yet. You may end up landing yourself into hot soop if you ignore this advice

    Thanks

  6. nyapaphi says:

    Guys don’t you think we are too much obsessed with these guys from UNIMA to the extent of trading our own daughters and sons to these people.We have a lot of UNIMA people who are fond of introducing ideas without research i think some of these business ideas have to go under evaluation process to weigh their profitability.we should introduce a board that will be examining ideas before inception.I think we already have MUSSCO,SACCOS,FINCA, who do exatly what this idiot lady is doing.

    Hot Debate:Are we ready to develop if we keep on introducing businesses za m’mazira ngati zimenezi…are we encouraging the spirit of innovation or we just go for the song”we standing on the shoulders of giants” when are we going to become giants?

    Hot Debate:with this thinking from our graduates can we attract forex through service exportation?

  7. Dyetsani Njomba says:

    By the way! Is the Degree in “Information Management” or “Management Information”?

  8. Er what says:

    Love the hair

  9. Issa Kabudula says:

    The idea is very good, only that the reporter missed a lot of good questions, Go girl go!!!!.

  10. darth sidious says:

    trainings?

  11. Dyetsani Njomba says:

    Not infomative. Who gives the the loans, her company or banks? Do all participants get loans? How do they recover the lians?

    Is it business training or mitivation presentation? Can a person be trained to become a good business person in one day?

    Many questions requiring answers.

  12. Ma says:

    Man this journalist is idiot .he can’t ask real Qs. Where does she get cash fo give to people? If she says banks are difficult which is true. Married or single? How to get her? What are the conditions to meet to access these loans after training? Man…

  13. hopes James says:

    Hw can I find Caroline,would please give me more details about company (contacts

  14. Ayobeee de Zobue says:

    That’s very brilliant for a young lady for you. But my advice to you is that alot of conmen will target your institution if you don’t put I place high measures of loan security. As a financial lending institution, what is the surety for M1000, 000.00 loan. Beware.

  15. john chidoth says:

    Zachamba basi

  16. ask questions like where did she get the capital at her age? She is talking loan ranging from 100 pin to a meter

  17. christopher mchenga says:

    How can they find u?

Comments are closed.