Mwaiwathu Group

Ntcheu, Malawi

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35994
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35994 - thumbnail

Mwaiwathu Group needed £1928.33 for their business.

Amount Requested

Amount requested:

£1928.33

Repayment term

Repayment term:

4 Months

Activity type

Activity type:

Retail - clothing

MFI Partner

MFI partner:

Microloan Foundation Malawi

The Mwaiwathu group consists of 14 members who live in Ntcheu. They are all married except for 1 who is divorced. They have 31 children, some of who are orphans who they care for between them. The group is requesting a loan to invest in their various small businesses. They run stalls selling fritters, vegetables, potatoes, cereals and clothes to earn a living and provide for their families.

Group member Matilda is a 46 year old lady who is married with 2 children. She started her clothes selling business to become financially independent and to support her family. Matilda has 1 employee who is a family member working in the business which she has been running for 5 years. She will use her share of the loan to buy more clothes for her store. Matilda’s ambition is to grow her business so that she can build a good house for her family. The group will repay their loan over 4 months.

loan added: 29 June 2018

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Mwaiwathu Group's loan Repayment schedule

Date Expected repayments Actual repayments
July 2018 £175.30 --
August 2018 £438.26 --
September 2018 £438.26 --
October 2018 £438.26 --
November 2018 £438.25 --


Lenders supporting Mwaiwathu Group


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