MSC Group

Macheke, Zimbabwe

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33603
33603
33603 - thumbnail
33603 - thumbnail

MSC Group needed £1115.94 for their business.

Amount Requested

Amount requested:

£1115.94

Repayment term

Repayment term:

6 Months

Activity type

Activity type:

Animal & Poultry Raising

MFI Partner

MFI partner:

Thrive

Mollin Karenda of the MSC group is a 60-year-old entrepreneur. She is a widow living in Macheke, she has two dependents. She is in the poultry business and because of hard-work she has been able to boost her business. Her customer base for chicks has increased significantly. Mollin applied for her first loan from Thrive in August 2017. She is grateful for the training she received from the organisation as it motivated her to keep doing business and the importance of keeping proper business records. Mollin received $500 from Thrive on her last loan and she was able to buy more broiler chickens and chicken feed. The loan was beneficial to her as she was able to generate higher profits which she then used to purchase plumbing material for her toilet and she also bought a cow. She is requesting her second loan, which she will use to buy even more broiler chickens and feed so that she can increase her production.

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: 13 March 2018

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MSC Group's loan Repayment schedule

Date Expected repayments Actual repayments
March 2018 £101.45 £101.45
April 2018 £169.08 £169.77
May 2018 £169.08 £176.60
June 2018 £169.08 £177.84
July 2018 £169.08 £178.40
August 2018 £169.08 --


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