Total loan: $5,900
Dar es Salaam, Dar es Salaam, Tanzania / Food
Flag of Tanzania
Mafinga Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to buy more flour, sugar, eggs and cooking fat to make more cakes.
Mafinga Group's story
Leonard who is in his early 20s is single. He has been running a bakery business making small cakes and big cakes for big occasions. He has been in this business for three years now. He works from 8:00 am to 9:00 pm daily and is able to make a very good monthly profit. This will be Leonard's first loan, which he wants to use to buy more baking flour, sugar, eggs and cooking fat to make more cakes. He dreams of buying an international baking machine for better quality baking cakes faster. Leonard will share this loan with his loan group MAFINGA, which has 10 members who will hold each other accountable for paying back the loan.