KwaZulu Ladies Empowerment Financial Services Cooperative was established in August 2007 as a savings and investment club by a group of women who are members of a church called Charisma Worship Centre in Durban. The savings and investment club was formed as an outreach project of the church targeting women living in the previously disadvantaged areas of the eThekwini Metro areas. The club was opened to women living in disadvantaged areas of eThekwini Metro areas irrespective of their religious and political persuasion. The club's main objective when it was formed, was to empower women coming from previously disadvantaged areas by encouraging the culture of savings and investment. The objective of the institution, as it registered as an FSC, has evolved to be to empower women by encouraging the culture of saving and provide affordable loans to members.