Bazooka Group

Domboshawa, Zimbabwe

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Bazooka Group needed £416.67 for their business.

Amount Requested

Amount requested:

£416.67

Repayment term

Repayment term:

4 Months

Activity type

Activity type:

Shop

MFI Partner

MFI partner:

Microloan Foundation Zimbabwe

Ethel, 32, dreams of her children being able to get good, stable, well-paid jobs. She is married to a 45-year-old farmer. She is looking to borrow $500 to help her grow her groceries tuckshop business. This loan will allow her to buy groceries from wholesalers at much cheaper prices which will enable her to increase her profit margins. 
As the primary breadwinner for her family, Ethel’s business provides all the family’s income. Ethel will invest her loan in her groceries tuckshop business to ensure that she is able to pay for her 2 children to get a tertiary education so they can look forward to a future out of poverty.

The Bazooka group has a good track record of making repayments on time and they are looking to borrow their third loan. The Bazooka group is made up of 5 women who run businesses selling washing powder, clothes, and shoes. This group of 5 women support 11 of dependants. With their loans and MicroLoan Foundation’s support, they will be able to increase their profits so that their family can look forward to a future out of poverty.

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

loan added: 12 July 2018

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Bazooka Group's loan Repayment schedule

Date Expected repayments Actual repayments
July 2018 £37.88 --
August 2018 £94.70 --
September 2018 £94.70 --
October 2018 £94.70 --
November 2018 £94.69 --


Lenders supporting Bazooka Group


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