A loan of $500 helped to purchase more cloth.

Precious's story

Greetings from Zimbabwe! This is 49-year-old Precious from Bulawayo. She is married and has one child. Precious runs a manufacturing business. She specializes in the manufacturing of school uniforms for various schools around town, and outside as well. The business has been in operation for two years. She says the main challenges faced are unavailability of raw materials and other material for use in her business.

Precious has requested a loan of $500 to order more cloth. She needs to buy the raw material in bulk so as to cut costs instead of buying in smaller quantities. The price for a roll of cloth costs around $120, which is much cheaper by at least 30 percent than when buying in smaller quantities. She says the extra income generated as a result of this loan will allow her to increase business capacity and fulfill outstanding orders. This will also enable her to operate profitably on the finished products when pricing them. In the future Precious plans to open a bigger factory as well as a shop selling her products. She also intends to purchase modern machinery for use in the business, which will improve turnaround time.

Loan details

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Loan details