J T Locks and Heels
With a loan of EUR 2,600 Patricia will be able to purchase a specialized motor vehicle key cutting machine.
The project
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.
Agora Microfinance
Impact
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