Total loan: $2,150

Chakata Group

Musana, , Zimbabwe / Food

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A loan helped to stock her tuck shop business.

Chakata Group's story

Jennifer, 43, is a mother of two, based in rural Musana. She runs a tuck shop at her homestead, which she started in 2016 after their local shops closed.

Her tuck shop is located strategically, as she serves a large customer base. She is a member of the Chakata group, which has four members and is currently on its second loan.

Jennifer does not only rely on one business, as she also keeps and sells roadrunners to restaurants in Harare. She restocks on a monthly basis, but at times, she fails to meet customer demands.

With the need for more financial support, Jennifer and her group members approached Thrive Microfinance for a further loan; the group got a combined loan of $2,150, and Jennifer got a portion of $500, which she channelled into her tuck shop business for more stock.

She says her business plan is to have adequate stock to last a month without disappointing her customers. Most of Jennifer’s business profits are used to pay for her children’s school fees and supporting the family. She is grateful for the support she is getting from Thrive and its lenders.