Chiyembekezo Lundazi

Lundazi, Zambia, Zambia

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32803
32803
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32803 - thumbnail

Chiyembekezo Lundazi needed £1907.18 for their business.

Amount Requested

Amount requested:

£1907.18

Repayment term

Repayment term:

5 Months

Activity type

Activity type:

Tradesperson

MFI Partner

MFI partner:

Microloan Foundation Zambia

This is a group loan to the Chiyembekezo women who are based in the Lundazi district of Eastern Zambia. The group has a membership of 26, between the ages of 21 and 40. These women are married, some single and others divorced and have children who go to school. They also look after orphans who go to school. They run small scale businesses like poultry, salaula (second hand clothes) market and grocery stalls. They started their businesses for different reasons for example one woman started her business because she wanted to reduce poverty levels and be able to provide daily needs for her family and pay school fees for her children. They are requesting for their third loan after successfully repaying their previous loans. They will use the money to order more products for the expansion of their businesses.
Jane Mbewe is 25 years old married with three children who are in school. She runs a grocery stall selling bubble gums, assorted sweets, biscuits and fizzy drinks. She is requesting for this loan to top up on her business capital and order stocks of biscuits, drinks, and assorted sweets. She also hopes to order washing soap, bathing soap and cooking oil. She believes when this is done her stall will attract more customers and she will make more profits. From the profits she hopes to be able to take all her children to school and provide meals for them daily. Currently her family helps with the day to day running of the business.

loan added: 07 February 2018

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Chiyembekezo Lundazi's loan Repayment schedule

Date Expected repayments Actual repayments
February 2018 £173.38 £132.64
March 2018 £346.76 £350.89
April 2018 £346.76 £358.27
May 2018 £346.76 £372.69
June 2018 £346.76 £375.31
July 2018 £346.76 --


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