Merina has been running her shop for 24 years. She lives in a small village on the outskirts of Lilongwe, Malawi.
She works together with her husband in her shop, selling eggs, rice, cold drinks and snacks.
She used to make £50 per week profit, since joining MicroLoan, she now makes £70-80.
This is particularly impressive considering that Merina is on her first loan cycle with MicroLoan Foundation. Although she is already a savvy businesswoman, she joined MicroLoan in the hope she would learn some new skills to maximise her profit margins and improve her shop.
Merina spent her first loan on buying loads of new stock which put her shop into high demand.
She and her husband have six children, the youngest is 11 and eldest is 24. Those of school age go to school, thanks to the additional income she now generates.
Once she has repaid her loan, Merina hopes to take out another loan with MicroLoan Foundation, and says she is greatly benefitting from the training sessions.
She said the savings training has been particularly helpful. She is currently saving up to buy clothes for her family, and she is building a house for them to live in. Above all else she wants to keep her children in school so they can achieve their dreams.
Published on: 16/09/2022