Tanatswa Group needed £2630.43 for their business.
Peanut butter making businesses are very common in Harare as it is characterised by low capital requirements and its production process is known by almost everyone. Shupikai Mupfekeri was not discouraged by this competition. She started her business 4 years ago with the help of her husband who is a mechanical engineer. Her business has been growing steadily since then and she discovered a market in Zambia where she sells some of her produce. She has a contract with 2 big supermarkets in Harare where she supplies peanut butter in bulk.
Shupikai is married with three grown up children. She uses her house as a warehouse to store ground nuts and peanut butter. She restocks peanuts from farmers in bulk and stores them in her warehouse. Shupikai approached Thrive together with her two friends in June 2015 and formed a group which they named Tanatswa, the group received business advice and has been receiving loans since then. They are now on their fifth loan from Thrive. With her previous loan, Shupikai received a loan of US$2000 which she used to restock peanuts and packaging bottles. She repaid her loan well together with her other group members and they have been granted a subsequent loan. Shupikai has reduced the amount she will borrow this time and will use the loan to re-stock her warehouse of ground nuts. As a group they received a combined loan of USD 3300 which they promise to repay over six months.
Please note that Zimbabwe is at present going through a severe economic recession and that there is an additional risk that some of the loans might be delayed or defaulted. You can find more information here.
loan added: 13 March 2018
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