LOANS AND MICROFINANCE

Presented By:

Peter Millanga

N o v e m b e r 1 5 t h , 2 0 1 2

Loans and Microfinance

Loan is the redistribution of financial assets (money) over time between the Lender and the Borrower.

Loan is not a gift, the borrower must pay back to the lender

Borrower: - Someone who borrows

Lender: - Someone who lends - Can be someone like you

- Can be a school, bank or microfinance

Microfinance

Microfinance is the provision of small loans to the poor and low income people

Poor people in Tanzania:

Majority of Tanzanians are very poorThey don’t have moneyThey need loans to start businessesThey need our support

Investours supports the poor people:

Investours is an organization that supports the poor entrepreneurs through microfinance

An Entrepreneur is a person with high need of achievement

For the poor people, they do small businesses

Because of small capital

Investours support to Entrepreneurs

We give small loans to the entrepreneurs

They use the money to start or expand their businesses

They pay back within 3 months

We teach them how to use the money

We help them to prepare business plans

Support with the Business plans

A business plan is a formal document which outlines business goals and plans for reaching those goals.

We help our clients to develop simple plans for their business

Business plans outlines:

Type of the business

Amount of money needed

How the money will be used

Profit that will be made Good business plan means good business

Importance of loans to the poor

Loan helps the entrepreneurs to grow their

businesses

Increases the income of the entrepreneurs

Enables them to support their families

Helps to improve the quality of life

Businesses we have supported so far…

Wood carvers at Mwenge Shops “vibanda”

Hair dressing Salons

Hair dressing Salons Charcoal business

Vegetables, commonly known as “mbogamboga”

Tailoring

Businesses we have supported so far:

Chicken farming

Questions?

THANKS FOR LISTENING!

Contact us:

Peter MillangaTanzania Country Director

P.o. Box 35766, Dar es Salaam, Tanzania

Phone: +255 684 504 212Email: peter@investours.org Website: www.investours.org

www.facebook.com/investours tanzania