Funanzako

Petauke, Zambia, Zambia

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Funanzako
Funanzako
Funanzako
Funanzako

Funanzako needs just £1477.39 to complete their loan



Amount Requested

Amount requested:

£2542.39

Repayment term

Repayment term:

6 Months

Activity type

Activity type:

Trader

MFI Partner

MFI partner:

Microloan Foundation Zambia

16 women of the Funazako group run small scale businesses such as selling groceries, dried fish, vegetable, second hand clothes and chickens. They started their businesses to generally help their families buy clothes, food, uniforms, farming equipment’s, pay school fees and pay medical bills. The group is requesting for a loan which will be used as top up capital to boast the capacity of the businesses and to order more products for their stalls. To enable effectively run their businesses Microloan Loan Foundation has continued training these women at every repayment meeting.
Tisa Nelia Mvula is part of this group. She is 31 years old, married with two children who are school going. She started her business to buy farming inputs and pay temporal workers at their farm during the farming season. She runs a market stall selling cosmetics like face powder, perfumes and assorted body lotions in a local market for twelve years now. She is requesting for this loan to order more products to meet the demands of her customers. She runs her business with the help of her husband. She hopes to open a vegetable stall as a way of diversifying her business. As a woman she is self-reliant and able to stand on her own because of the business she is doing.

Loan added: 07 February 2018

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Funanzako's loan repayment schedule

Date Expected repayments Actual repayments
March 2018 £231.13 Available 01/03/18
April 2018 £385.21 Available 01/04/18
May 2018 £385.21 Available 01/05/18
June 2018 £385.21 Available 01/06/18
July 2018 £385.21 Available 01/07/18
August 2018 £385.21 Available 01/08/18


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