Mayankho

Balaka, Malawi

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Mayankho has fully repaid their loan of £623.60

Amount Requested

Amount requested:

£623.6

Repayment term

Repayment term:

4 Months

Activity type

Activity type:

Retail - food

MFI Partner

MFI partner:

Microloan Foundation Malawi

Mayankho group based in the district of Balaka is made up of 12 women. All are married and have children who rely upon them. The women are doing different small businesses which include the selling of fish, vegetables, groceries and clothes. They require the loan to buy more products and boost their business. Patricia is aged 40. She is married with 7 children and also care for 1 relative. Patricia sells vegetables. She needs money to buy more tomatoes, beans, groundnuts, onions and cabbage. She started the business to support her husband in providing for their family. She has been running the business for 2 years and has one employee. Her ambition is to make enough savings in order to start selling second hand clothes as a second business.

loan added: 22 February 2018

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Mayankho's loan Repayment schedule

Date Expected repayments Actual repayments
March 2018 £56.69 £56.69
April 2018 £141.73 £143.34
May 2018 £141.73 £149.11
June 2018 £141.73 £150.15
July 2018 £141.72 £150.63


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