A loan of $2,450 helped a member to buy spare parts for the grinding mill and clothes for resale.

Golden Group's story

Memory is a 35-year-old lady who is married and has three children, ages 4 months, 5 years, and 15 years. Only one goes to school. She also has two other dependents who are her sister's children and who live with her. Her husband helps out in her business.

Memory has two grinding mills in Masvingo Town, as well as a business of buying and selling clothes. She buys her products from South Africa. Memory has been in business for two years and has three employees who work for her. The main challenge she faces in her business is fluctuation in exchange rates, which affects pricing of her products. She has a vision of expanding her business to have more grinding mills around Masvingo Town, as well as owning a boutique in the central business district. With the the profits from her business, she will be able to take better care of her growing family.

In this group: Memory, Tavengwa, Law, Sallous, Veronica, Conzarata, Lovemore, Evelyn, Tapiwanashe, Prosper

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Loan details