Lenovo Group has fully repaid their loan of £1970.15
Elizabeth Mhande is a 50-year-old woman. She started her business of buying and selling across borders in the year 2000. Ever since then she never looked back. She does not have fixed items that she specialises in buying and selling, however, pine gel has become her main product for the past one year. From the income of this business, she managed to buy residential land and built a decent home for her family in Katanga Norton, Zimbabwe. Elizabeth succeeded in the cross-border business through the help she gets from her husband who is a truck driver and usually travels to neighbouring countries every fortnight. Most of the time when Elizabeth travels to other countries taking advantage of the trips of her husband and goes with him. They have 4 children 2 of which attend local schools in Norton where they stay. Elizabeth and the other four members of her group named Lenovo are all based in Norton. They came to Thrive Microfinance and have passed through the financial literacy training and have shown much commitment to growing their businesses. As a group, they have applied for a loan and Elizabeth needs to use the loan in buying detergents and engine oils from South Africa which she plans to resale in Norton. She has recently found a market of supplying engine oils with some hardware owners at Katanga Shops in Norton.
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: 03 August 2017
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Andrew & Claire
David & Rev. Elaine Kinchin