Chilungamo

Lilongwe, Malawi

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36608
36608
36608 - thumbnail
36608 - thumbnail

Chilungamo needed £1087.21 for their business.

Amount Requested

Amount requested:

£1087.21

Repayment term

Repayment term:

4 Months

Activity type

Activity type:

Other

MFI Partner

MFI partner:

Microloan Foundation Malawi

Chilungamo group consists of 14 women and is located at Mawero in Lilongwe district. The majority of these women are married and have children who depend upon them. They run small-scale businesses such as restaurants and stalls selling products such as fish, snacks, vegetables and groceries they require the loan to invest in their businesses. Monica is 40 years old. She is divorced with 2 children and 3 relatives who rely upon her. She sells zitenje (wrappers). She will use the money to buy 23 pieces of zitenje. To stock her business. She will be able to pay for her children’s education with the profits from her sales. She has been in the business for 2 years and she started the business to be financially independent. Her ambition is to build a house for the family and work with an increased capital of 300, 000 Malawi Kwacha.

loan added: 08 August 2018

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Chilungamo's loan Repayment schedule

Date Expected repayments Actual repayments
August 2018 £98.84 --
September 2018 £247.09 --
October 2018 £247.09 --
November 2018 £247.09 --
December 2018 £247.10 --


Lenders supporting Chilungamo


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