Zambia
Sugar centre is comprised of 14 women who run stalls mainly selling vegetables, groceries and clothes. All of these women are married and have children who are in school rely upon them for all of their financial needs. Prudence Chuula is a member in none sub groups of this centre, she is married to a businessman and together they have six children of whom four are in school.
Prudence has a poultry business, she rears chicks and sells chickens to the people of her community. She started this business in order to earn an income and supplement her husband’s effort to provide for their family.
The members of the Sugar centre are applying for a new loan to invest in their various small businesses. They have successfully repaid four previous loans from whose profits were used to pay for house rentals and provide food for their families, they hope the loan makes their businesses vibrant, and with the proceeds be able to send their children to school and pay for household needs.
Prudence would like to receive a share of the group loan so she can order chickens and buy their balanced feed so that they can grow well. The chickens are sold in and around six weeks time. The profits will enable her open a savings account with then bank where she will aim to save for purchase of a piece of land to build a house for her family. The previous loan has enabled her provide household necessities for her family like food and pay house rentals. She started the business to be independent financially and has been running it for quite some years now. Her ambition is to be able to provide for her family without difficulties and to be financially independent.
The number of COVID cases in Zambia has been relatively low and only regional lockdowns have been introduced. However, restrictions on gatherings have made it difficult for groups to come together to provide support to one another and where lockdowns were introduced this had an immediate and significant impact on business activity. These groups of small-scale women entrepreneurs now require financial assistance to rebuild their vital income-generating activities.
“If you are lending, please be aware that due to the current COVID-19 pandemic your repayments could be at greater risk of delay or default”.
Loan added: 31 December 2020
Sugar centre Group's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £231.34 | ||
| £385.57 | ||
| £385.57 | ||
| £385.57 | ||
| £385.57 | ||
| £385.57 | ||
| £385.57 |
The above amounts are indicative, based on the exchange rate the day this loan was added to the website. The actual amounts you will receive will be based on an exchange rate at the time the repayment is returned to your account. See our Help Centre for more information.
