Mwaisen Group

Chipata, Zambia

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Mwaisen Group
Mwaisen Group
Mwaisen Group
Mwaisen Group

Mwaisen Group needs just £523.40 to complete their loan



Amount Requested

Amount requested:

£7488.4

Repayment term

Repayment term:

8 Months

Activity type

Activity type:

Retail - general household items

MFI Partner

MFI partner:

Microloan Foundation Zambia

The Mwaisen group of women, aged between 33 and 60 and based in the Chipata district of Zambia, have been empowered by the fourteen loans they’ve previously repaid without any problems. Their families have also benefited from the profits of the businesses as the children have been sent to school, they have been able to pay for medical bills, and some among these women have also managed to build their own houses as well as provide for the daily needs of their families.

Evelyn Lungu is 34 years old and a member of this group. She is an ambitious woman who has taken her business very seriously as a source of income, allowing her to provide for her family. She ventured in to a business selling assorted household appliances and furniture, like radios, video players, kitchen units, wardrobes and coffee tables. She will use her share of this new group loan to finance a trip to Botswana where she will order some kitchen units and dining tables as she has already customers who have already placed orders for them. She has no plans to change the nature of her business but hopes to see it grow so she can become a big supplier in her district. So far she has been able to use the profits from her business to pay school fees for her children and cover household expenses. She is happy that she has financial independence.

Loan added: 03 August 2018

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Mwaisen Group's loan repayment schedule

Date Expected repayments Actual repayments
September 2018 £680.76 Available 01/09/18
October 2018 £850.95 Available 01/10/18
November 2018 £850.95 Available 01/11/18
December 2018 £850.95 Available 01/12/18
January 2019 £850.95 Available 01/01/19
February 2019 £850.95 Available 01/02/19


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