Makulo Group

Mulanje, Malawi

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Makulo Group needed £1051.40 for their business.

Amount Requested

Amount requested:

£1051.4

Repayment term

Repayment term:

4 Months

Activity type

Activity type:

Retail - food

MFI Partner

MFI partner:

Microloan Foundation Malawi

Makulo group is based at Malota village in Mulanje district is comprised of 19 women. The majority of the women are married and they have children who rely upon them. These women are doing small businesses to be able to sustain their live and now they require a loan to keep their businesses vibrant. Their businesses include stalls selling fish, snacks, cereals and clothes.  Irene is 25 years old,  married with one child.  She sells rice for a living.  The Makulo Group requested a loan for their members. Irene will use her share of the loan to buy additional bags of rice. With the proceeds, she will be able to buy food and other household needs. She started it in order to be financially independent and to support her husband in providing for the family. She has been selling rice for four years. Her personal goals are to change and sell second hand clothes and build a good house for the family.

loan added: 08 August 2018

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Makulo Group's loan Repayment schedule

Date Expected repayments Actual repayments
August 2018 £95.58 --
September 2018 £238.95 --
October 2018 £238.95 --
November 2018 £238.95 --
December 2018 £238.96 --


Lenders supporting Makulo Group


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