Providing Microloans for the Poor in Tanzania

 
$4,307
$693
Raised
Remaining
May 23, 2012

Be a Part of Richard's Story

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. 

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Organization

Project Leader

Ian Haisley

Director of Online Strategy
Oak Brook, IL United States

Where is this project located?

Map of Providing Microloans for the Poor in Tanzania