Promise Group

Lilongwe, Malawi

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Promise Group has fully repaid their loan of £1476.69

Amount Requested

Amount requested:

£1476.69

Repayment term

Repayment term:

4 Months

Activity type

Activity type:

Shop

MFI Partner

MFI partner:

Microloan Foundation Malawi

The Promise group is comprised of 18 members. The majority are married women with children. They run various small-scale businesses including farming, restaurants, grocery stalls and market stalls selling fish, snacks, clothes and vegetables. They require the loan to invest in their businesses. Misozi, a member of this group is 47 years old. She is married with 4 children. Her husband works as a teacher. She runs a hardware shop and now requires the loan to buy more hardware stock. She started the business with the aim of earning a living and supporting her family and has been running her business for 15 years now. Misozi plans to run a maize milling business and purchase a piece of land in the future.

loan added: 03 March 2018

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Promise Group's loan Repayment schedule

Date Expected repayments Actual repayments
March 2018 £134.24 £134.24
April 2018 £335.61 £339.43
May 2018 £335.61 £353.09
June 2018 £335.61 £355.57
July 2018 £335.62 £356.69


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