Entrepreneurs We've Helped
Name: MAKOLE F Group
Location: Dodoma (Ipagala), Tanzania
Activity: Soft Drinks
Loan Used: To buy more materials (drinks) to expand her business.
Description: Roy has owned a small drinks shop in the Ipagala neighborhood of Dodoma for 3 years. She currently earns an average monthly profit of $190. Every day she works at her business. She is requesting her first loan from BRAC Tanzania so that she can buy more drink materials for her business. She is hoping that through this loan, her profit will increase and she will be able to grow her business and to pay school fees for their children.
Roy is 38 years old, married, and has four children: ages between 9 and 17. She will be sharing this loan with her fellow group members, Rosaria, Fatuma, Wini and Kibibi. Each woman also has her own small business in Dodoma.
About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.
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