True Moments Group

Marondera, Zimbabwe

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28957
28957
28957 - thumbnail
28957 - thumbnail

True Moments Group needed £2011.19 for their business.

Amount Requested

Amount requested:

£2011.19

Repayment term

Repayment term:

6 Months

Activity type

Activity type:

Hairdressers / Salon

MFI Partner

MFI partner:

Thrive

“Keeping on and keeping on”, is the only motto of Taisekwa Andrade which keeps her growing gradually in her business. Taisekwa started her hair dressing business under a Musasa tree where she would plait her customers in the shade. As time went by, her customer base started increasing which forced her to rent a shop for hairdressing. Taisekwa got her first loan of $200 from Thrive Microfinance which helped her to buy more products for her hairdressing business as well selling products such as weaves and braids. Her name itself ‘Taisekwa’ simply means she was once the despised person in the community but against the odds, she is growing so strong in her business.  She is one of the rare business women in True Momements Grooup who spends most of her time thinking of how she can expand her business. With her previous loan, she managed to venture into poultry business, of keeping day old chicks as well as buying and selling fresh fish. She began by keeping a batch with only 25 birds but now she is keeping batches with 50 birds. Taisekwa is 37 years old, mother of 3 children, and has two children still at school. She will use her part of the loan to buy a 50kg sack of fish, a batch of 100-day old chicks and some of her salon chemicals and braids.  The group is requesting a loan to use as additional working capital and are looking forward to further expand their businesses.

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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True Moments Group's loan Repayment schedule

Date Expected repayments Actual repayments
August 2017 £182.84 £111.12
September 2017 £304.73 £307.37
October 2017 £304.73 --
November 2017 £304.73 --
December 2017 £304.73 --
January 2018 £304.73 --


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