100%

funded

Total loan: $1,200

Simbamaoko Group

Harare, Harare Province, Zimbabwe / Retail

Simbamaoko Group's loan finished fundraising,
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A loan helped to buy one and a half bags of groundnuts, three bags of maize and two bags of beans.


Simbamaoko Group's story

Estella is a 53-year-old, widowed woman with two children, one of whom is school-going. She runs a peanut butter business, retails sugar beans, and also sells popcorn. She buys groundnuts in bulk from Mbare, a local farm produce market, roasts them, and then outsources a grinding machine to give the final output. She packs her own plain unbranded bottles, but despite using plain bottles, her quality and fine butter has made her more competitive on the market than those that put brands.

Unbranded bottles have lowered her cost of production, and thus by her savings, she is able to add to her stock. She supplies at a small scale to individual customers, and her reputation has made her business a success. She usually capitalizes on high demand during opening school days and supplies to parents with children in boarding schools. She also makes popped corn and packs it in small sachets that she supplies at wholesale to those with roadside stalls and even small tuck-shops in the vicinity of her residence.

She is disciplined in her spending habits and has been finishing building her house. She plans to acquire her own grinding machine for peanut butter to double her income, as well as save on outsourcing costs. She has used her loan amount to buy one and a half bags of groundnuts, three bags of maize, and two bags of beans, all this to stock of her business.