100%

funded

Total loan: $1,500

Progress Group

Harare, Harare Province, Zimbabwe / Agriculture

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A loan helped to get different types of feed that cater to the full-growth process of the broiler chickens plus quail feed since the quail business has taken Harare by storm.


Progress Group's story

Prices are a determinant to the success of a business. Realizing even those small profits in a business will make cycle completion faster. Temptations of the Progress group sells chicken feed at home. She restocks in bulk from well-established stock feed manufacturers and adds a small markup that is not too expensive for clients in her location. Rather than traveling to the industrial area, she has made it far cheaper and easier for her clients to buy feeds locally.

Progress Group is a two-member group consisting of Enetty and Temptations. While Enetty is up for her eighth loan cycle, Temptations is applying for a second loan. Before taking a loan from Thrive, Temptations could not manage to restock in bulk because of financial constraints. This 30-year-old single mother of one operates from her parents' home in Budiriro. Her business has improved greatly because of her pricing, which enables local growers to focus on their livestock rather than on shopping.

Temptations has managed to provide for her child's welfare and she has purchased a bed and a room divider from her business profits. Together with Enetty they have taken a loan of $1,500 to improve their businesses. Temptations was given a loan of $600 which she plans to use to get many bags of different types of feed that cater to the full growth process of the broiler chickens. She also wants to add quail feed for her business since the quail business has taken Harare by storm. In the near future she wants to open her own feed shop in the local shopping center and stop selling from home.