Tazvida Group

Chitungwiza, Zimbabwe

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28959
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28959 - thumbnail

Tazvida Group needed £1477.61 for their business.

Amount Requested

Amount requested:

£1477.61

Repayment term

Repayment term:

6 Months

Activity type

Activity type:

Retail - food

MFI Partner

MFI partner:

Thrive

Constance Damiso is the most popular figure at ‘Chop-Chop’ business center not because she is a politician, but because she is the only one who has a grocery business that has stood the test of time. Her shop is located at a central point where all villagers in the district convene for their monthly meetings. It is located along the main road where all buses and private transport take their rest and buy cold drinks before they proceed with their journey. She started her tuck shop business back in 2005. Being located on the main road means it is easier for her to restock as she can easily transport her stock. She is a member of the Tazvida group, a name that means ‘we have fallen in love’. To complete their name they wanted to say they have fallen in love with what Thrive is offering. The group is based in rural Chihota and it has five ladies who are very hardworking.  Constance is 49 years old, married to a teacher and she has 5 children. At the moment, she only has 3 children still in school. The Tazvida Groupis requesting a loan for the members. Constance will invest her share of the loan to add groceries to her business so that she keeps all her customers satisfied. She also wants to sign onto Ecocash, a mobile money service, so that she will not lose sales because of the cash crisis.

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: 02 August 2017

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Tazvida Group's loan Repayment schedule

Date Expected repayments Actual repayments
August 2017 £134.33 £81.63
September 2017 £223.88 £225.82
October 2017 £223.88 £229.77
November 2017 £223.88 £226.38
December 2017 £223.88 --
January 2018 £223.88 --


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