Sharleen

Harare, Zimbabwe

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27949
27949
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27949 - thumbnail

Sharleen needed £1511.45 for their business.

Amount Requested

Amount requested:

£1511.45

Repayment term

Repayment term:

6 Months

Activity type

Activity type:

Other

MFI Partner

MFI partner:

Thrive

Gas selling has become a substantial business to do in Zimbabwe. This is so largely because of the increase in electricity blackouts and the creation of new suburbs without electricity in and around Harare. Debra Chimusasa is a young entrepreneur who decided to venture into selling gas after realizing that it is a lucrative business. Debra is a 23 year old mother of one; she lives in the newly built suburb of Stoneridge Park in Harare. She is in the Sharleen group. Debra and her husband, who is a contract builder, help each other in the upkeep of their family. Many people who reside in Stoneridge have bought gas stoves and gas fridges as alternatives to electricity. Sharleen group is now taking their second loan with Thrive.
Debra has benefited a lot from the loan of $200 which she obtained from the last loan cycle. She managed to purchase a gas can which has greatly increased her customers; she also managed to open another gas selling place in Stoneridge Park. Through the training she received she is now able to budget her income wisely and to save. Debra will get a portion loan of $400. She intends to purchase more gas canisters to equip the new gas selling place she acquired.

Please note that Zimbabwe is at present going through a severe economic recession and that there is an additional risk that some of the loans might be delayed or defaulted. 

You can find more information here.

loan added: 05 June 2017

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Sharleen's loan Repayment schedule

Date Expected repayments Actual repayments
July 2017 £137.40 £120.22
July 2017 £229.01 £0.00
August 2017 £229.01 £232.66
September 2017 £229.01 £225.82
October 2017 £229.01 --
November 2017 £229.01 --


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