LICO is dedicated to promoting the economic empowerment of women, youth, and vulnerable populations, including those living with disabilities, to address the deep-seated economic disparities in Malawi. The country's economy remains strained, with over 70% of the population living below the poverty line, according to UNICEF. Women and children are particularly affected, with 63% of children living in poverty and 66.7% of working-age women engaged in vulnerable employment. Women also face wage inequalities, lower literacy rates, and limited access to secondary and tertiary education, which restrict their ability to improve their economic standing.

 

LICO recognizes these challenges and is implementing various sustainable initiatives aimed at fostering entrepreneurship, financial literacy, and agricultural productivity among women and youth. By providing women and youth with the skills and resources they need to become financially independent, LICO seeks to break the cycle of poverty and create pathways toward self-sufficiency.

 

A key intervention is supporting women’s groups with farm inputs and livestock for agricultural activities. These groups grow crops and raise livestock, generating income that helps improve their households by funding essentials like housing and education for their children. LICO also promotes small-scale businesses by providing startup capital, along with ongoing support in financial management and literacy, helping beneficiaries manage their income sustainably.

 

Village Savings and Loans (VSL) programs are another cornerstone of LICO's economic empowerment strategy. These programs encourage women and youth to save and invest their income, fostering a culture of financial resilience. LICO further enhances these efforts by linking beneficiaries to financial institutions, providing access to formal credit and investment opportunities to scale their businesses.

 

LICO also promotes green economic activities and trains participants in digital marketing and cybersecurity, recognizing the importance of modern skills in today’s digital economy.

 

By empowering women and youth, LICO is contributing to the creation of an economically vibrant Malawi where vulnerable populations can actively participate in and benefit from the country's economic growth.