Tadalisika Group

Chipata, Zambia, Zambia

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35975
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35975 - thumbnail

Tadalisika Group needed £2101.76 for their business.

Amount Requested

Amount requested:

£2101.76

Repayment term

Repayment term:

7 Months

Activity type

Activity type:

Retail - general household items

MFI Partner

MFI partner:

Microloan Foundation Zambia

The Tadalisika group is based in the Chipata district in the East of Zambia, close to the Malawi border. There are 10 women in this group aged between 19 and 45. Most of these women are married and have children who are in school. They also look after orphans and some other dependents who they fund to attend school. With the aim of being financially stable, these women run small scale businesses like market and grocery stalls. They are now able to support their families using the profits of their businesses and now wish to apply for their tenth loan to expand their businesses.

One of these women is Ruth Banda. She is 38 years old, married and has three children who are in school. She runs a small business where sells cooking oil, salt, sugar, candles and matches by the road side next to her house. She will use her loan to buy additional stock of salt and washing and bathing soap which are in high demand. She has been trained in managing a business which she found really useful, particularly learning about conducting Market Research. Currently her family helps her with the daily business activities of her stall but she may employ a helper in the future if her stall continues to grow. Before she started her business she was not able to support her family financially, but now she can and loves that her children can now attend school. The group will repay their loan over 7 months.

loan added: 03 July 2018

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Tadalisika Group's loan Repayment schedule

Date Expected repayments Actual repayments
July 2018 £191.07 --
August 2018 £272.96 --
September 2018 £272.96 --
October 2018 £272.96 --
November 2018 £272.96 --
December 2018 £272.96 --


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