Locadia Zimbiti

Harare, Zimbabwe

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33604

Locadia needed £797.10 for her business.

Amount Requested

Amount requested:

£797.1

Repayment term

Repayment term:

6 Months

Activity type

Activity type:

Retail - clothing

MFI Partner

MFI partner:

Thrive

Locadia Zimbiti is in the cross border trade business. She sells baby wear, cake ingredients and cosmetics. She buys her stock from neighbouring South Africa and Zambia. Locadia is always serious when it comes to business. She ensures that she maximise her sales at any given opportunity. She travels regularly to South Africa, sometimes twice a month, to buy her stock. She decided to rent a shop in central Harare from which to sell her goods. This is an ideal location to attract customers from various locations in Harare.
Locadia is 44 years old, she lives in a rented house in Highfield with her family. Her husband is a driver. She is a mother of three children. She has been a reliable client of Thrive for a while now. With her previous loan she was able to restock on baby wear and cosmetics and with her increased profits she was able to purchase household furniture and reinvested some back into her business. Locadia’s living standards are improving as she is making more profit from her business. She has been granted a new loan of $1000 which she will use to buy more stocks of babies’ clothes and increase her stock of cake ingredients.

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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Locadia's loan Repayment schedule

Date Expected repayments Actual repayments
March 2018 £72.46 £72.46
April 2018 £120.77 £121.27
May 2018 £120.77 £126.15
June 2018 £120.77 --
July 2018 £120.77 --
August 2018 £120.77 --


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