Mpunda had struggled for 10 years working at a hotel, a brewery, and a ruby mine. When he hit on the idea of selling clean water, a scarce commodity in Africa, he could barely afford the fees to power his tank. After three years of scraping by, he borrowed half a million Tanzanian shillings (or $360) from the Akiba Commercial Bank. The money helped him pay the municipal fees and buy three trucks to deliver water. His output shot up over 1,100% and his profits increased nearly six-fold. He’s using the money to buy more nutritious food for his family and pay for his sons’ schooling.
The Microfund For Women helped transform Nadya Felah from a janitor into a successful businesswoman. She started a business selling gas cylinders with a loan from MFW that helped her buy two cars to make deliveries. In two years she has hired eight full-time employees, secured lucrative government contracts, and is able to support seven households besides her own in Amman. She is even mulling a run for office in the gas providers’ union.
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