A loan of $500 helped to buy more stock.

Richard's story

This description was written by Richard Mazengo, a staff member for Village Enterprise Fund in Tanzania. He is also a partner representative for Kiva.

The name of the business is Ipagala Curios Group.

Richard started the business with his group of associated and was funded by VEF, in 2002. Their business is buying, making traditional Items and selling to the general public. In their Curio Shop in Dodoma town, they sell Knives, Pens,Fiddle, Mortors or mill, Chairs,Spears, Shoes, Drums, Calabash,and earings.

Through their business they have been making enough profit and they are to pay school fees for their children and meet other family needs. School fees are one of the most important, and difficult to afford, expenses in Tanzania. The majority of children cannot attend school because the families cannot pay these fees.

If they get $ 500.00 they will improve their business by buying more stock to expand their Shop, and this will make more profit for them to pay the loan and other profit for their own use.

Richard M. understands that he is getting a loan and is more than able to pay it back. He is the most experienced man in his region in the business of curios.

Loan details

Lenders and lending teams

Loan details