Kasenga

Chipata, Zambia, Zambia

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33406
33406
33406 - thumbnail
33406 - thumbnail

Kasenga needed £1600.58 for their business.

Amount Requested

Amount requested:

£1600.58

Repayment term

Repayment term:

5 Months

Activity type

Activity type:

Trader

MFI Partner

MFI partner:

Microloan Foundation Zambia

This is a group loan to the Kasenga women who are based in Chipata district of Zambia. The group has a membership of 11 women aged between 21 and 52. They have children who go to school and some women look after orphans who are also in school. The women of this group run small scale businesses but most of them have market and grocery stalls. The common reason for starting their business is to supplement their husbands provide for the family and to be financially stable. They are requesting for this loan to top up on their business capital.
Mwanika Zulu 29 years old is a member of this group. She is married to a business man and has one child who is under school age. She looks after 3 orphans who are in school. She runs a grocery stall selling cooking oil, sugar, lotions, cereals and soap. She is requesting for this loan to top up on her business capital and order more groceries for her stall. Most of her customers are people in her community and surrounding areas. She started her business to provide for her family’s daily needs. She is currently planning to open another grocery shop as a way of expanding her business. Her hopes for the family are to provide them a better accommodation. As a woman she is happy to be self-reliant.

loan added: 11 March 2018

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Kasenga's loan Repayment schedule

Date Expected repayments Actual repayments
April 2018 £145.51 £139.55
April 2018 £291.01 £0.00
May 2018 £291.01 £303.97
June 2018 £291.01 £306.10
July 2018 £291.01 £307.06
August 2018 £291.01 --


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