Michesi Group

Mulanje, Malawi

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36431 - thumbnail
36431 - thumbnail

Michesi Group needed £874.88 for their business.

Amount Requested

Amount requested:


Repayment term

Repayment term:

4 Months

Activity type

Activity type:

Retail - food

MFI Partner

MFI partner:

Microloan Foundation Malawi

Michesi group is made of 16 members. Fifteen are married and one is widowed. They have children of their own as well as orphans who rely upon them. The women run small-scale businesses to provide for their families these businesses include restaurants and stalls selling fish, snacks, cereals, groceries and vegetables. The members of the Michesi Group requested a loan to purchase more stock for boosting their businesses. Jenifer is 40 years old. She is married and her husband works as a farmer. She sells tomatoes and now intends to use the money requested to buy more stock.  The proceeds from the business will enable her to pay for food and clothes. She started the business to provide for her family. She has been doing this business for 2 years and her goal is to grow her business and open a grocery shop. She also plans to purchase s bicycle.

loan added: 08 August 2018

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Michesi Group's loan Repayment schedule

Date Expected repayments Actual repayments
August 2018 £79.53 --
September 2018 £198.84 --
October 2018 £198.84 --
November 2018 £198.84 --
December 2018 £198.83 --

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