Saumu Eneza, FINCA Tanzania
A Business Helps Build A Community
Saumu Eneza lives in Dar-es-Salaam, Tanzania, with her husband and four children. Before joining a FINCA Village Banking group, she operated a tiny business selling juice on the street to help support her family. But she had no capital to improve her business, so she contemplated closing it and finding another, better source of income, so the family could afford better food and the school fees for all the children.
Then one day, Saumu met a FINCA loan officer and learned about FINCA’s financial services and how its small loans could help her transform her business and improve her family’s living standards. She soon joined FINCA’s Mchafukoge Village Banking group and received a first loan of $30, which she used to purchase fruit, sugar and other supplies for the juice business.
Within three FINCA loan cycles, Saumu’s earning had grown substantially, because she could afford to buy fruit in bulk at better prices and expand the variety of juices she offered for sale, including powdered drinks. Saumu was able to move to a permanent stall in the market, upgrade her juice-making equipment, and hire three neighbors to help her make her juices and sell them to her growing clientele.
With increasing profits and FINCA loans of $1,000, Saumu purchased her own place of business. Today, she rents part of her premises to other food vendors, which allows her to sell juice to the customers eating in the adjacent food stalls. Her success is contributing to the growth of other businesses in her community—not only her tenants, but also the wholesalers who supply her with fruit and other goods—and three families benefit from the wages she pays to her workers.
Saumu is very happy that her business has allowed her to buy better and more nutritious food for her family and to pay her children’s school fees so they can continue their education. “I love FINCA,” says Saumu, “because I’ve been able to fulfill and exceed my basic needs. I am proud to own a stable business and to be an employer.”