Mkuwira Group

Lilongwe, Malawi

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33806
33806
33806 - thumbnail
33806 - thumbnail

Mkuwira Group needed £3990.43 for their business.

Amount Requested

Amount requested:

£3990.43

Repayment term

Repayment term:

18 Months

Activity type

Activity type:

Retail - general household items

MFI Partner

MFI partner:

Microloan Foundation Malawi

Teleza, aged 50, is a member of the Mkuwira group which is made up of 20 members where 7 are women. All the women in the group are married. Teleza’s husband is a farmer and they have 5 children and 2 relatives who depend on them. Teleza and her fellow group members run small businesses and they require a loan to order more stock. Teleza sells groceries such as soap, sugar, sweets, biscuits and many others. She intends to use her portion of the loan to order more groceries including sugar, salt, soap, matches to increase her stock. She plans to use the proceeds to support her family. She has been doing this business for a year now and her motive for starting the business was to be financially independent. She plans to work hard to raise her capital so that she can run her business independent from loans.

loan added: 11 April 2018

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Mkuwira Group's loan Repayment schedule

Date Expected repayments Actual repayments
April 2018 £362.77 --
May 2018 £201.54 --
June 2018 £201.54 --
July 2018 £201.54 --
August 2018 £201.54 --
September 2018 £201.54 --


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