Tiyvane

Chipata, Zambia, Zambia

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26274
26274
26274 - thumbnail
26274 - thumbnail

Tiyvane needed £2718.95 for their business.

Amount Requested

Amount requested:

£2718.95

Repayment term

Repayment term:

6 Months

Activity type

Activity type:

Retail - food

MFI Partner

MFI partner:

Microloan Foundation Zambia

This loan is for a group called Tiyayvane women group, which has 11 members, who range in age from 24 to 55 years old. The marital status of these women are different some single, married, divorced and widowed. Most of these women have children and look after orphans who go to school. They have different small-scale business which include selling; potatoes, pots and groceries.  They started their businesses to reduce poverty levels within their families and to be financially independent. The group has taken many previous loans and they have paid them all. The purpose of this loan is to order more potatoes, pots and groceries for their businesses. The loan will mean they will meet the needs of their customers thereby making more profits. They use profits to buy household goods, buy clothes and pay for their children school fees.
Regina Phiri is 55 years old; a mother of six children is a member of Tiyayvane group. Regina sells salaula (second hand clothes). She has been in this business for over fifteen years now. Before she started her business she was farming and looking after her family. She started this business because it’s easy to manage. She is requesting for this loan to order more bales of salaula for her stall. She has employed one gentleman who helps in the daily activities of her business. Regina will use part of her profits to send her children to school. She is also saving to buy cement and sand to start building a house for her children. As a woman Regina is hopeful that the loan will boast her business and meet the needs of her family.

loan added: 16 March 2017

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Tiyvane's loan Repayment schedule

Date Expected repayments Actual repayments
April 2017 £247.18 £247.18
May 2017 £411.96 £398.15
June 2017 £411.96 £397.75
July 2017 £411.96 £394.82
August 2017 £411.96 £396.17
September 2017 £411.96 --


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