Raising a flock to support her flock!
Having been forced to drop out of high school in ninth grade after her father abandoned her mother and her 11 siblings, Elizabeth Katalilo married at age 18 and says she was fortunate that her husband made enough money to support the family. Unfortunately, her beloved husband died in 2010, leaving the 47-year-old widow as the sole provider for their eight children.
FINCA Zambia client Elizabeth Katalilo
During her children’s early years, Elizabeth worked at a local hospice where she earned enough money to help pay for school needs. When her husband died, she was hired at a local hospital, but she didn’t earn enough to cover the family’s living expenses and school fees. She made the decision to raise chickens for added income, but the small number of birds she could afford didn’t add enough income to make much of a difference.
Elizabeth learned about FINCA from a friend, and saw it as an opportunity to expand the size of her flock. She says she was attracted to the Village Banking product because of the low interest rates and the manageable term of the loan. She joined the local Sibanbisane Village Banking group and took out her first loan of $200, which allowed her to increase the size of her flock from 100 to 300 chickens, more than doubling the profits she’d previously earned. She is now more easily able to pay her children’s school fees and provide all other daily necessities. She plans to use future FINCA loans to build a larger poultry house and expand her business even more.