blog link

blog link

Friday, February 17, 2012

We help some blokes in Zimbabwe improve their businesses

For our 23rd loan we decided we should help some guys, because our stats show we've been primarily lending to women lately. Well we don't want to appear sexist.

This loan will be paid back over 8 months. Because it's a group loan the risk of non payment is lowered, or so I'm told on various lender's forums. Not sure if it's true, because we've never experienced a non payment.

Here's the low down on one of the gentlemen we're lending to:

"This is 34 year old Mutizwa from Mutare, the capital of Minicaland province in Zimbabwe. He is married and has five children, four attending school. Mutizwa runs a retail business of selling clothes. The business has been in operation for 13 years. He says the main challenges faced are high customs duty on clothes. Mutizwa has requested a loan of $150 to buy more clothes for resale. He says the extra income generated as a result of this loan will allow him to improve the family's welfare. In the future, Mutizwa plans to open a clothing shop in the central business district."

No comments:

About Me

My photo

Bruce Devereaux is one of the nicest people he knows. When not at work he enjoys reading, writing, hiding from his children and not changing nappies.


His career, and if we used the term any more loosely an e might fall out, has included a gardener, a personal lender, a console operator, a stop/go man (not as big a bludge as you might think but great if you’re into sunburn, abuse and varicose veins), a cleaner of banks and pubs and, for a very brief period, a door to door salesman (until the last door he knocked on was answered by a very scary woman with tremendously hairy legs).


Bruce Devereaux currently works as a forty-five-year-old award winning customer service officer (glass statuette available upon request) for the Bank of Queensland and as a very casual employee for Corrective Services. He likes to believe he excels at both but then he has always been prone to exaggeration.


His favourite colour is green, with a picture of Dame Nellie Melba on one side and General Sir John Monash on the other. His favourite flower is self-raising.

 If you see him around town, call his wife immediately - he's probably snuck out and left her alone with all the kids.


Popular Posts