Chipata, Zambia, Zambia

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33395 - thumbnail
33395 - thumbnail

Twashuka needed £1877.17 for their business.

Amount Requested

Amount requested:


Repayment term

Repayment term:

5 Months

Activity type

Activity type:

Retail - food

MFI Partner

MFI partner:

Microloan Foundation Zambia

Twashuka (we are lucky) women’s group has 11 members who range in age from 25 to 55. The women vary in marital status, but most have children and also look after local orphans who go to school. The women of the group run a variety of small businesses, mostly to improve their income and be financially independent. The group is applying for its twelfth loan after successfully repaying its previous loans The loan will be used to increase stock levels to meet customer demands, and the profits will be used to buy household goods, clothes, pay for school fees and make home improvements.

Catherine is a member of this group. She is 47 years old, widowed and has five children who are in school. Catherine runs a market stall selling tomatoes and assorted vegetables. She started this business six years ago as a way of being able to support her family financially. Catherine will use this loan to order stocks of tomatoes and vegetables for her stall, where she supplies people from the surrounding area. She is also saving to buy a plot of land where she can build a family house and she hopes to see her business grow.

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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Twashuka's loan Repayment schedule

Date Expected repayments Actual repayments
March 2018 £170.65 £170.65
April 2018 £341.30 £342.70
May 2018 £341.30 £356.49
June 2018 £341.30 £359.00
July 2018 £341.30 £360.13
August 2018 £341.32 --

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