Small Loans

Optimized-2009 07 IGP Mpandangindo LP (28)Small Loans are microfinance loans distributed to members of the community, through our partners, The Hoja Project. The loans are of 50,000 Tanzanian Shillings (approximately £20) each and are repaid over a period of 6 months. In 2018, three new types of loans were introduced: women's group loans, which are given to groups of five women and to groups of at least three women; and individual loans, which are given to anyone who has successfully set up a business in a group. The maximum amount of loan has also been raised. The ones who have successfully used their first loan can now apply for loans up to £170.

Since the first loans were distributed in 2007, over 6,000 have been distributed. It is estimated that recipients see an increase in income of 50% in the first six months, and this figure continues to grow with their businesses.

Businesses are diverse in nature but similar in success! The success of businesses owes a lot to the training offered to those seeking loans prior to writing business proposals. Businesses so far have included restaurants serving local Tanzanian food, such as ugali (maize porridge) and mandazi (doughnuts made from rice) and shops selling convenience items such as fruit and vegetables, kerosene and even petrol.

Entrepreneurs use the enhanced income from their businesses to enroll their children in school, as well as to meet the needs of their family. Many also reinvest in their business to make it bigger and better!

  • Linet

    Linet

    "I know in a few months I can get fish there, so I have hope. When the fishpond is ready,…

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  • Jane

    Jane

    "Loans are not a gift. Only take one if you are prepared to repay it." Jane is 56 years old…

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  • Marigoleth

    Marigoleth

    "I am very happy in my head and I am even happy in my body too." Marigoleth is 45 years…

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  • Prisca

    Prisca

     “My life has completely changed. One thing I am thanking god for is that I am completely independent. Loans can lift…

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  • Moses

    Moses

    Moses is 47 years old and received a small loan of 50,000 TZS in January 2015. Initially, Moses used his…

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  • Theodosia

    Theodosia

    Theodosia is 30 years old and received a loan of 50,000 TZS in January 2016. Theodosia used her loan to…

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  • Editha

    Editha

    “Women are not weak trust us because WE CAN.” Editha is 48 years old and a single mother of one…

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  • George

    George

    George is 35 years old and received a small loan of 50,000 TZS in January 2016. George used the funds…

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  • Luciana

    Luciana

    With a small loan of less than £20, 44 year old Luciana set up a small restaurant in her village…

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  • Lightness

    Lightness

    “It is not a time to look down on women, community is supposed to give them a chance and see…

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  • Sarah

    Sarah

    "Women can make great changes if empowered”. Sarah is 37 years old.  She lives with her 16 year old son…

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  • Grace

    Grace

    “After my loan I am able to provide for my family as a female single parent. I take sole responsibility.…

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