Scooby Group

Harare, Zimbabwe

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28930
28930
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28930 - thumbnail

Scooby Group needed £1231.34 for their business.

Amount Requested

Amount requested:

£1231.34

Repayment term

Repayment term:

6 Months

Activity type

Activity type:

Retail - clothing

MFI Partner

MFI partner:

Thrive

Most women ask her why at her age she is actively involved in cross border business. Her answer is very simple. She says “it’s never too early for one to take steps to better their lives”. This is Rumbidzo Matunga a 26-year-old young woman. She is involved in the business of buying and selling clothes that she purchases from neighbouring countries. She travels to South Africa, Zambia and Mozambique for about five to six times in a month. Upon her return to Zimbabwe, Rumbidzo does not rest since she has to move around her neighbourhood selling her products. What has become her business model of late is to travel to rural areas and farm with clothes which she has been selling for cash or butter trading with the farmers’ farm produce. Rumbidzo stays at her parents’ house in Whitecliff North. Rumbidzo and other women (Virginia and Monica) are members of the Scooby group. They have known each other for some years since they stay close to each other. Rumbidzo at her age sees the other two members as her guardians. They are helping her grow in business as they mentor and advise her where she needs help. The members of Scooby group have approached Thrive Microfinance for a loan and Rumbidzo needs to use her loan to restock more clothes and grow her business.

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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Scooby Group's loan Repayment schedule

Date Expected repayments Actual repayments
August 2017 £111.94 --
September 2017 £186.57 --
October 2017 £186.57 --
November 2017 £186.57 --
December 2017 £186.57 --
January 2018 £186.57 --


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