funding gap emerging markets
Zambia

J T Locks and Heels

  • Agora Microfinance
  • Local partner investment
  • + 6 other investors
  • With a loan of EUR 2,600 Patricia will be able to purchase a specialized motor vehicle key cutting machine.

    €2,600
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,600
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 13 hours on 30 November 2015.
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      Based on all Lendahand historical investments
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      Summary

      39 year old Patricia Banda is running a Laundry, key cutting and shoe repairs. Patricia and her husband have had the business since 2011 and since then have managed to open a second outlet at the beginning of this year and another one planned for the beginning of 2016. The business employs 4 staff who have been trained to use the machines and have gained a skill as a result.

      The loan is meant to purchase specialized motor vehicle key cutting machines for BMW and Mercedes Benz which have been on high demand due to lack of competition. The loan will also purchase a back up power generator which stabilize the business which has suffered setbacks due to frequent power outages the country is experiencing. 

      Lendahand will provide the loan to Patricia together with local partner AMZ. The loan has to be repaid within 12 months.

      Company nameJ T Locks and Heels
      CEOPatricia Banda
      Founded2011-01-01
      LocationLusaka
      SectorServices
      Turnover€51,858.25
      Employees4

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      We have already contributed for J T Locks and Heels

      Gert Mosterd
      Jan de Wit
      Joop Singeling
      Arjen Kramer
      + and another
      6
      investors