Plum Group needed £1036.23 for their business.
Plucxedes Mashayamombe started her tailoring business in 2005. She is a forty-five year old married mother of four. Plucxedes has managed to create a name for herself in the small town she lives in, in Bindura. She has three domestic sewing machines for her business and she restocks her materials locally. When Plucxedes felt she had almost exhausted the market, she decided to expand into the poultry business in 2011. This she did to increase her income and support her tailoring business since it was suffering from a lack of capital. Due to some hardships she had to face alone, Plucxedes decided to join hands with three other women in her area and formed a group called the Plum Group. The group approached local microfinance institution, Thrive, and received a loan of $1300 with to invest in their small businesses. Plucxedes will use her portion of the loan ($300) to buy more chickens to rear and to buy materials for her tailoring business. She specializes in sewing children’s clothes and traditional African attire for ladies. The group is based in Bindura.
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: 08 January 2018
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