Thandizo Group

Lundazi, Zambia, Zambia

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28887
28887
28887 - thumbnail
28887 - thumbnail

Thandizo Group needed £3431.67 for their business.

Amount Requested

Amount requested:

£3431.67

Repayment term

Repayment term:

6 Months

Activity type

Activity type:

Shop

MFI Partner

MFI partner:

Microloan Foundation Zambia

This is a group loan to the Thandizo group, who are based in Eastern Zambia. There are 22 women in this group aged between 24 and 57 years old. Some of these women are married and others are widowed. They have children who go to school and also look after school-going orphans. The women of the Thandizo group run small-scale businesses such as market and grocery stalls and raising poultry. They started their businesses for different reasons. Some of these women started their business because they wanted to improve the living standards of their families and to be able to provide food for them. The group has successfully repaid seven loans from the MicroLoan Foundation and they are now requesting their eighth loan.
Margret Banda is a member of this group. She is 57 years old and has four children who are in college. She runs a grocery stall selling eggs, soap, milk and sugar. She has had her business for twenty six years now. Most of her customers are women from her community and people in the neighbouring towns. She would like this loan to order more stock of eggs, sugar, cooking oil and soap. Margret has received business training from Lendwithcare partner the Microloan Foundation and has found the lessons about business management skills useful for her business. She started her business because she wanted to improve standards for her family, which she can now proudly say has been achieved. From her profits she hopes to build a big grocery stall and employ people to help with the day to day running of her stall. She also hopes to build a family house.  As a woman she is now able to take care of her children without asking for money from anyone.

loan added: 26 July 2017

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Thandizo Group's loan Repayment schedule

Date Expected repayments Actual repayments
August 2017 £311.97 --
September 2017 £519.95 --
October 2017 £519.95 --
November 2017 £519.95 --
December 2017 £519.95 --
January 2018 £519.95 --


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