Mavambo Group

Domboshawa, Zimbabwe

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33979
33979
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33979 - thumbnail

Mavambo Group needed £774.65 for their business.

Amount Requested

Amount requested:

£774.65

Repayment term

Repayment term:

4 Months

Activity type

Activity type:

Trader

MFI Partner

MFI partner:

Microloan Foundation Zimbabwe

Mary Mutungwazi is a part of the Mavambo group. She is a 45 year old widow with four children to care for. Mary joined the group and wants to take a loan of $200 to grow her trading business. She trades in neighbouring countries where her profits are higher. She buys groceries in South Africa in bulk at cheaper prices. Buying in bulk allows her to cut travelling expenses thereby increasing her profits. She hopes that this business will allow her to pay school fees for all her children so they can continue to be educated up to tertiary level. Increasing her profits will allow her to continue supporting her extended family and grow her business. She wants to use her profits and savings to rent a shop in a local shopping centre so she can attract a greater number of customers. The Mavambo group is made up five women who run businesses selling second hand clothes, making floor polish and rearing chickens. In total the group are seeking $1000 to help develop their businesses so they can increase their profit and provide for their families

loan added: 16 April 2018

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Mavambo Group's loan Repayment schedule

Date Expected repayments Actual repayments
April 2018 £70.42 --
May 2018 £176.06 --
June 2018 £176.06 --
July 2018 £176.06 --
August 2018 £176.05 --


Lenders supporting Mavambo Group


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