Elizabeth's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to purchase chicken feed & a delivery vehicle in order to scale a women-owned Tanzanian poultry business to reach 5,000 rural households.
In Tanzania, farm inputs & poultry production supplies are not only very scarce but also lack crucial extension services like training & financing. Women, in particular, are marginalized because men typically own bigger plots of land and larger, more productive animals.Solution
In 2006 Elizabeth (pictured) founded AKM Glitters in Tanzania to address these diverse challenges through a unique franchise model. Through a network of women entrepreneurs/franchise-owners, AKM provides chicken and feed to a network of farmers, and generates additional revenue by re-purchasing chickens & eggs, selling them to large grocery store chains & other large distributors of poultry products. AKM supports these franchises with monitoring, training, marketplace access, and the inputs for their businesses. These franchises allow women to improve their economic status through meaningful employment, enabling their families to improve their nutrition and boost their children’s academic outcomes.Loan Use
USD 30,000 to stock maize during harvesting time so that AKM maintains above-market price of feed to the franchises. This reduces the burden of the franchise/farmer. USD 20,000 to buy a vehicle to distribute the feed efficiently. AKM Glitters anticipates that this loan will facilitate the creation of 20 women-owned franchises, employ 26 additional production employees (including 1 veterinarian specialist) and ultimately positively impact 5,000 households.