Hanah

Chipata, Zambia, Zambia

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33398
33398
33398 - thumbnail
33398 - thumbnail

Hanah needed £1714.57 for their business.

Amount Requested

Amount requested:

£1714.57

Repayment term

Repayment term:

6 Months

Activity type

Activity type:

Animal & Poultry Raising

MFI Partner

MFI partner:

Microloan Foundation Zambia

The Hanah women’s group has 11 members between the age of 24 and 57. These women are all married and between them have 51 children, as well as taking care of 14 orphans. All the children are in school..The women of the group run small-scale businesses with the aim of helping their husbands to provide for the daily needs of their families. The group has successfully repaid three previous loans and are now requesting a fourth loan, which will be used to top up their capital. The previous loan’s profits let these women pay school fees for their children and buy food.

Getrude is 47 years old and a member of this group. She has five children who are in school. Getrude runs a poultry business rearing chicks and selling chickens to the people of her community. She started this business 10 years ago; now she has gained much business experience really enjoys what she does. Her customer base has also increased and this makes her make more profit. She hopes to start rearing village chickens as a way of expanding her business. She also hopes to build a family house for her children from the profits of her sales.

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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Hanah's loan Repayment schedule

Date Expected repayments Actual repayments
April 2018 £155.87 £149.49
April 2018 £259.78 £0.00
May 2018 £259.78 £271.34
June 2018 £259.78 £273.25
July 2018 £259.78 £274.11
August 2018 £259.78 --


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