Micro-loan for Newton Nthakomwa
Newton started his grocery business in 2007. Recently
robbers broke into his shop and stole his merchandise. He decided to change his business to a second hand clothing store which
he restocks once a month with clothes from South Africa. He has also managed to plant a
tomato field (over 4000 plants) which he hopes to harvest within months. Newton
has applied for a loan worth $720 to boost up his capital base so that he can meet demand
for both his clothing market and tomato sales. You can loan
as little as $20 to Newton. He anticipates being able to repay his loan by the end of June after he has been able to
sell his tomatoes. Once he repays the loan ,your share of the loan will be deposited back into your loan account and
you can loan the money to another project.
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