Eve Syanzatu is a new MicroLoan Foundation (MLF) client at the Kalomo branch, and she joined MLF in the hope of setting up a thriving business and providing her family with better opportunities for the future.
Eve left school when she was 23 years old and gave birth to her first child the following year. Now a widow and the sole provider for a household of six children, three of which are her own, Eve is faced with a great responsibility.
Eve conducted market research in her local area and found that a business selling beans, soya pieces, fish and kapenta could be a profitable undertaking (“kapenta” refers to the small fresh water sardines found in Lake Tanganyika which are a staple of traditional Zambian meals). Though business was slow at first as she was new to the market, it is already gaining momentum thanks to her hard work and MLF’s support. In fact, her profits have already increased from ZK500 to ZK700, and this growth is allowing her to expand her stock. She says that she could not have achieved this without MLF’s support.
Eve reports that the most important thing she has learned so far in her training sessions is the value of making regular savings. Though only in her first loan cycle, she has already saved enough money to make her loan repayments, increase the quality and quantity of the goods she sells, and pay for her children’ school fees. Enthusiastic about the future, she hopes to continue growing her business to put her children through university so that they might become successful in life.
Eve’s friends and community members doubted what good would come from her taking out a loan with MLF. However, she says that they are now very impressed with the boost that her business has enjoyed with MLF’s support, and that she has earned their respect and admiration with her determination to provide her children with a brighter tomorrow.