July, 2016

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Posted by: | Posted on: July 2, 2016

– VICOBA is my motivation

During our visit to Msongolo and Ngwele last week, YPM were able to see some of the achievements brought to life by VICOBA. We call these “success stories”. 

Mrs. Evelyn Apeles from Ngwele is one of the persons who got her life changed through VICOBA. With a loan of 300 000 shillings, she managed to build a new house for herself and her family.





Mrs. Apeles’ new and old house is lying next to each other. The improvements are easy to see. Thanks to VICOBA, her new home has double size of the old one, and is build in bricks rather than mud.



Loans from VICOBA are usually invested in small, income generating projects or businesses, which assure that money will be brought in to refund the loan with interest. Mrs. Apeles does not have a business of her own, but work on a nearby tea plantation. By taking extra shifts and working hard 6 days a week, she has been able to make 450 000 shillings.

– VICOBA is my motivation. I know that for each share I save in VICOBA, I can get loan of three times as much.

Mrs. Apeles is always trying to buy five shares every week, for two thousand shillings each share. Now she is saving up to extend her house with two extra rooms, giving the house four rooms in total.


Welcome to Mrs. Apeles’ new home!


Posted by: | Posted on: July 1, 2016