Mapalo 1104 Group

100%
Mapalo 1104 Group have fully repaid their loan of £1,479.25.

Amount requested:

£1,479.25

Repayment term:

7 months

Activity type:

Retail - clothing and footwear

Mapalo 1104 is a vibrant group consisting of five enterprising women who have made their mark in the culinary and poultry business. They are on average 37 years old and support 26 dependents in their households. The primary motivation for starting their businesses was to achieve financial independence. While some of the women excel as chefs cooking simple yet delicious local foods, others have ventured into selling chickens.

Margaret, a proud business owner, has successfully transitioned from running a poultry business to owning a boutique selling second-hand clothes. She has been in the clothing business for four years, driven by her passion for fashion and a desire to help women look stylish. Her boutique is well-known in her suburban area for its unique designs and trendy offerings for all ages. Margaret will use her portion of the group loan to further expand her boutique. She plans to use the funds to purchase more clothes, which will help increase her sales and profits. This is crucial for her as she is the primary breadwinner in her family, with her husband being a retiree. The additional income will enable her to provide better support for her family and secure their financial future.

The Microloan Foundation, Lendwithcare's local partner in Zambia employs a unique 'centre' model for lending to female entrepreneurs. A centre comprises several sub-groups which share the same name as the centre. As such, you may have seen similarly named group loans from Zambia all belonging to the same centre. In this system, each woman is individually responsible for repaying her loan, but the group offers mutual support by assuming overall responsibility together.

Loan added: 23 July 2024

Mapalo 1104 Group's loan repayment schedule

Date Expected repayments Actual repayments
£134.48
£134.48
£192.11
£181.36
£192.11
£186.58
£192.11
£188.08
£192.11
£187.59
£192.11
£183.67
£192.11
£181.75

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.

Supporters of Mapalo 1104 Group

United Kingdom
Roger
Lancashire
Warwickshire
Lancashire
Robert Towers
United Kingdom
BoldMove
United Kingdom
United Kingdom
Worcestershire
United Kingdom
Nottinghamshire
Hong Kong
Kate
Greater Manchester
Buckinghamshire
Angela
South Yorkshire
West Sussex
United Kingdom
North Yorkshire
Lisa
Caerdydd
Ben Jones
East Lothian
Derbyshire
East Dunbartonshire
Andy
Devon
United Kingdom
Katy
United Kingdom
Hertfordshire
United Kingdom
Somerset
United Kingdom
Mike Evans
Norfolk
United Kingdom
United Kingdom
West Sussex
Buckinghamshire
Angel
Frances
Essex
France
Richard Williams
Greater London
The Morgan Family
Cambridgeshire