100%

funded

Total loan: $1,800

Veng Group

Flag of Zimbabwe
Chitungwiza, Mashonaland East Province, Zimbabwe / Retail

Veng Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped to buy radios, batteries, chargers, clothes, and suitcases to sell at her flea market stall.


Veng Group's story

In a large market near Chitungwiza, everyone is caught up in the task of buying and selling in a bid to amass a little profit that will help sustain their families. It is here that you will find Pamela, who operates a small flea market stall. She sells items such as small radios, batteries, clothing, and bags to mention only a few. Pamela started her busines three years ago. She is able to make sales with a small profit margin only, hence the need to sell large volumes of her products. These profits are enabling her to help her husband, who is a seasonal farmer, to sustain their family.

Pamela is a member of the Veng group. The group has four members who all reside in the same neighborhood. She is a 35-year-old mother of three children who are still school-going. She has been a great help to her husband by helping him in paying school fees for their children.

Pamela got a loan amount of $400, which is her second loan from Thrive Microfinance. She is planning to use her current loan to buy radios, batteries, chargers, clothes, and suitcases to sell at her flea market stall. Overall, the group is in high spirits as they foresee growth in their businesses. They feel empowered, not just by the loan but also from the marketing and business-management training they attended.