Lydia is a first time borrower of the Institution, applying for 1,000,000. She is a 27-year-old single mother.
She has managed to set up a small shop in the city centre that deals in the selling of belts, T-shirts and ties. In this business, she has got a big problem of small working capital that makes her fail to serve her clients as they may wish.
Because of this financial constraint, she has applied for the loan to have it solved. When given the loan, she will be able to stock a variety of goods that are highly demanded by her clients, and thus increase her sales.
Her future plan is to see the shop grow into a big one that will be able sustain her family.