Progress Trust

Mazabuka, Zambia, Zambia

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33388
33388
33388 - thumbnail
33388 - thumbnail

Progress Trust needed £2031.01 for their business.

Amount Requested

Amount requested:

£2031.01

Repayment term

Repayment term:

5 Months

Activity type

Activity type:

Hairdressers / Salon

MFI Partner

MFI partner:

Microloan Foundation Zambia

This is a group loan for the Progress Trust group who are based in the Mazabuka district of Southern Zambia. There are 17 women in this group aged between 23 and 57 and all of them are married with children who go to school. These women also look after school going orphans. The women of the Progress Trust group run small-scale businesses such as poultry, grocery and market stalls. They started their businesses for different reasons for example one woman started her business because she wanted to be able to meet the daily needs for her family. The group has successfully repaid three loans from the MicroLoan Foundation.
Harriet Mwembani is a member of this group. She is 29 years old married to a business man and has two children who is in school. She runs salon where she sells different types of hair extensions and lotions. She also plait braids. Harriet has received business training and she has found lessons about what happens when things go wrong useful and helpful to her business. She believes this loan will help her achieve what she wants to for her business. Currently no one helps her with day to day running of her business but she hopes to employ someone in future. She has requested for this loan to order more stock of wigs and lotions for her salon. She is happy and proud that she is able to contribute financially to her family.

loan added: 07 March 2018

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Progress Trust's loan Repayment schedule

Date Expected repayments Actual repayments
March 2018 £184.64 £184.64
April 2018 £369.28 £370.79
May 2018 £369.28 £385.71
June 2018 £369.28 £388.42
July 2018 £369.28 £389.64
August 2018 £369.26 --


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