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Biography
Grace is a 38 year old married
woman. She used her current loan to buy
tobacco and fish. To find fish at a good price, Grace travels to a market right up in the north of Malawi. It takes her 3 day to make the return journey.
As she lives in a remote area she has to walk long
distances to sell the fish direct to other households. Her husband helps with
the business and looks after the children when she is away working
Statistics
Number of dependents: 6
Number of orphans: 2
Business type: Sells fish; grows and sells
tobacco
Name of her village: Enukweni, near Rumphi (North Malawi)
Income before first loan: K3,000 (£12.50) per
week
Net income now: K6,875 (£28.64) per week
Original loan size: K10,000 (£41)
Current loan: K40,000 (£166)
Time in programme: 16 months
How has MicroLoan helped you?
Having the loans has helped me
care for two orphaned grandchildren as
well as my own children. Before the loans the children were often only eating
one meal a day; now they eat lunch and supper every day.
What problems has your business
faced?
The business is going well, but
it is hard work. I sometimes find it difficult to repay the loans
every two weeks but I have always managed to get by.
What plans do you have for the
future?
I would like to move closer to
the market as it is very difficult walking so far for everything. I would like
to open a grocery store, and to make enough money for my children to
eat three meals a day.
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Biography
Dorothy is a 48 year old married
woman. She had run a grocery shop for five years and built up a good business
when thieves broke into her shop and stole a lot of her stock. She faced a real
crisis and then she found out about MicroLoan.
Her loans have helped her restock her
shop and it is now starting to make money again. Her husband farms their small
field adding about K10,000 (£50) per year.
Statistics
Number of dependents: 3
Business type: Runs grocery shop selling
tomatoes, fish, soap, sugar & lotions
District: Mzuzu (North Malawi
Income before first loan: K450 (£1.87) per wk
Net income now: K1,250 (£5.21) per wk
Original loan size: K10,000 (£41.66)
Current loan size: K20,000 (£83.33)
Time in programme: 8 months
How has MicroLoan helped you?
Without MicroLoan I would not have known what to do
after the burglary. It helped me get through a very difficult time. I also get
help from the other women in my loan group as we share ideas about how to run
our businesses.
What problems has your business faced?
Since the burglary my business is successful
and starting to grow again.
What plans do you have for the future?
I would like to open a bar if I had the
capital.
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