Thulisiwe Group needs just £173.83 to complete their loan
Alice Magigwani is a member of the “Thulisiwe group”. Alice has become addicted to her poultry business and dedicates her time to her chickens. The love that she has for her chickens truly shows that she is a committed woman who thrives for her business’ expansion. Alice Magigwani is a 36-year-old married homeowner who has been rearing poultry for 3 years at her home. She usually keeps batches of 50 birds that she sells in the community and she also supplies some of the birds to small canteens at Unit J shopping centre. She is responsible for ensuring that her chickens have the necessary feed and water they need for growth. She knows that to get the optimum weight she must give them a lot of care. She started her business with a batch of 25 chickens and over the years has been facing challenges of boosting her business because some of her profits were being swallowed by household commitments such as assisting her husband with paying fees for their 4 children etc. She has a well-built fowl run at her backyard. The group members recently applied for a group loan from Thrive Microfinance to invest in their income generating activities. Alice will use her portion of the loan to restock a batch of 100 broilers and feeds.
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: 09 July 2018
|Date||Expected repayments||Actual repayments|
|August 2018||£93.98||Available 01/08/18|
|September 2018||£156.64||Available 01/09/18|
|October 2018||£156.64||Available 01/10/18|
|November 2018||£156.64||Available 01/11/18|
|December 2018||£156.64||Available 01/12/18|
|January 2019||£156.64||Available 01/01/19|
|February 2019||£156.65||Available 01/02/19|
Rotary Club of Barrhead
Andy & Ruth