Malawi | Retail
Food & clothing vendor – wants to expand her business
Amount Requested: $175
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A Bit About Fatima Makaika
Fatima Makaika shoulders a big responsibility. In her home village she is supporting 11 family members, who live in abject poverty, in addition to raising her own three young children.
To help her get started, Fatima’s mother gave her $22 to start up a business of selling oil cakes, a popular local treat. At first, she struggled to grow her business and turn a profit, but her friends enlightened her about the benefits of joining FINCA as a means to increase her business capital. Fatima acquired her first loan, which she used to purchase a bale of second hand clothes, and she started a new business as a clothing vendor.
Fatima has since acquired subsequent loans, and she has continued to build her two businesses. She has been very successful, and with her earnings, she has saved enough to open a mini chips restaurant.
Now an experienced entrepreneur, she sees potential in doing cross border trade, traveling to South Africa to purchase different goods to sell in Malawi. Her next goal is to construct a decent house for her family.
Posted on May 16th, 2016
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