Progress Favour

Kalomo, Zambia, Zambia

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34181
34181
34181 - thumbnail
34181 - thumbnail

Progress Favour needed £2841.01 for their business.

Amount Requested

Amount requested:

£2841.01

Repayment term

Repayment term:

8 Months

Activity type

Activity type:

Restaurant / Café

MFI Partner

MFI partner:

Microloan Foundation Zambia

This is a loan to Progress Favour women group based in Kalomo district of Southern Zambia.  The group has a membership of 19 women, aged between 20 and 56. Some of the women in this group are married, some divorced and others widowed. These women run small scale businesses with the primary objective of being financially independent and be able to support their families. They run small businesses like market and grocery stalls. The group is applying for its third loan after successfully repaying their previous loans. They will use the loan to order more stocks for their stalls and attract more customers.
24 year old Joyce Kalenga is a member of this group. She is married and has three children who are in school. Joyce runs a restaurant selling cooked rice, pasta, nsima with different types of relish. She is requesting for this loan to top up on her business capital and buy plates, rice and different relish for her food stall. She will use part of the money to buy and transport tables and chairs for the stall. Joyce is grateful for the loans from Microloan as she has been able to support her family through them.

loan added: 06 April 2018

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Progress Favour's loan Repayment schedule

Date Expected repayments Actual repayments
April 2018 £258.27 --
May 2018 £322.84 --
June 2018 £322.84 --
July 2018 £322.84 --
August 2018 £322.84 --
September 2018 £322.84 --


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