Richard Kipande operates a market stall in Dar es Salaam, Tanzania where he sells some food items as well as kitchen utensils, jars, and pots. He started his small business with a capital of $85, but was having trouble providing for his family and keeping his business afloat with the small profit that he was making from his stall.
But Richard decided to apply for a loan to expand his business. He received his first loan from Opportunity, which raised his capital to $597, a substantial increase which significantly bettered his quality of life. Because of the loan he received, Richard was able to pay the fees to send his children to school. With the increased profits that he gained from his stall, he was also able to pay house rent and provide a healthier environment for his family. One day he hopes to develop his business even further and open his own hardware store.
When supporters of Opportunity International help fund client loans, they are helping Tanzanian entrepreneurs, like Richard, create change in their lives and in their communities.
Project Reports on GlobalGiving are posted directly to globalgiving.org by Project Leaders as they are completed, generally every 3-4 months. To protect the integrity of these documents, GlobalGiving does not alter them; therefore you may find some language or formatting issues.
If you donate to this project or have donated to this project, you will get an e-mail when this project posts a report. You can also subscribe for reports via e-mail without donating or by subscribing to this project's RSS feed.
Director of Online Strategy