Tigwirizane Kfe

Kafue, Zambia, Zambia

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33391
33391
33391 - thumbnail
33391 - thumbnail

Tigwirizane Kfe needed £2137.03 for their business.

Amount Requested

Amount requested:

£2137.03

Repayment term

Repayment term:

5 Months

Activity type

Activity type:

Restaurant / Café

MFI Partner

MFI partner:

Microloan Foundation Zambia

Tigwirizane (Unity) women’s group has 14 members who run different small-scale businesses, including selling potatoes, pots and groceries. The group is based in Kafue district of Zambia and its members range in age from 31 and 60. The marital status of these women are different – some are single, some are married, some are divorced and others widowed. Most of these women have children and look after orphans who go to school. The women of the group started their businesses for different reasons but mostly to reduce poverty levels within their families and to be independent. The group is applying for its seventh loan. The purpose of this loan is to order more stocks for their stalls.

Theresa is a member of the group; she is married and has four children who are in school. She runs a take away selling chips, chicken, sausage and soft drinks for over eight years now. Before she started her business she was farming and looking after her family. She started this business because it’s easy to manage and generates daily profits. She orders her products in bulk from within her district. She is requesting this loan to buy potatoes, chickens and cooking oil for her stall. Theresa will use part of her profits to send her children to school, and with the rest save towards buying a plot of land to be able to build a family house. She is grateful for the loans she has accessed as it has helped her look after her children and let her support herself.

Please note that Zimbabwe is at present going through a severe economic recession and that there is an additional risk that some of the loans might be delayed or defaulted.  You can find more information here.

loan added: 12 March 2018

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Tigwirizane Kfe's loan Repayment schedule

Date Expected repayments Actual repayments
April 2018 £194.28 £186.32
April 2018 £388.55 £0.00
May 2018 £388.55 £405.84
June 2018 £388.55 £408.69
July 2018 £388.55 £409.98
August 2018 £388.55 --


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