Total loan: $2,400

Sunrise Business Membership Group

Masvingo, Masvingo Province, Zimbabwe / Food

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A loan helped to increase his grocery store stock levels.

Sunrise Business Membership Group's story

Shadreck N. is the leader of Sunrise Business Membership Group. He is 43 years old and married with a three-year-old child. He also takes care of four other dependants. He is an agro-dealer who sells agricultural products; he also operates a grocery store in Masvingo. He has been running this business for five years with two employees. Transport challenges and unstable prices are the major difficulties in his business. Shadreck intends to increase his grocery store stock with the loan requested through MicroKing. He believes that the loan will be a major working capital injection in the business that should lead to increased profitability and ultimately help improve the family’s welfare. He has been borrowing from MicroKing for some time and believes that the conditions to access a loan are not tight as compared to other banks. Note: In the picture, the gentleman in the front row is Shadreck N..