100%

funded

Total loan: $2,600

Tanaka Group

Harare, Harare Province, Zimbabwe / Retail

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A loan helped to buy more blankets, groceries and other supplies for resale.


Tanaka Group's story

Age must never be a limiting factor when one is earning a living. Migration to other countries for greener pastors and the high death rate characterising Southern Africa results in grandmothers rearing their grandchildren.

Lucy is one such grandmother who is taking care of 5 grandchildren meeting their daily needs. She is a widowed 53 year old woman in the vending business. She specialises in selling clothes, blankets and groceries to local customers. She restocks from shops in town and sells them to local consumers in Kuwadzana high density area which is her residential area.

Lucy is in the group called Tanaka comprising of “golden girls” they affectionately call themselves because of their advanced ages. The group currently has six active members and in its third loan cycle with Thrive Microfinance. Along with her group members they were advanced combined loan of $2600.00 (Two thousand six hundred United States dollars).

Lucy has seen the growth of her business from her previous loans which have improved her standard of living. She has managed to put housing tiles in her home and buy herself new furniture. She is grateful for the training they attended, as they were taught them how to save their business incomes and how to market their products. In addition, they have learnt how to record in their day to day activities of the business.

In future Lucy is planning to build a proper food shop structure where she can sell her wares.