Business: Small scale dairy and piggery
Financier: Fanikiwa Microfinance Co. Ltd
Location: Sokoni One Madukani, Arusha
“I was not satisfied with the salary I was earning where I was working full time. It could not meet my needs. So the way out was to start a business and make more on my own,” says Ms Agatha.
To improve the chances of making more money and leading a quality life, she decided to venture into several businesses. Her businesses include dairy cattle farming, piggery for meat production, a vegetable garden, a shop, and rentals. She attributes her success to hard work, strict supervision of workers, and buying inputs in bulk (wholesale prices) to get a trade discount.
To start, she borrowed capital finance from Fanikiwa Microfinance. Her planning was meticulous. She bought some cattle, a pig and put up real estate (rentals). She sells milk to retailers, meat to butcheries, and vegetables to individual consumers. She also rents out some of her rooms to members of the local community.
Vision: Expand her business to produce 150litres of milk daily by having productive cattle and a modern shed.
Challenges: Include competition in selling milk at market rates, often on the lower side. Ms Agatha solves this challenge by selling high-quality milk at higher prices. The second challenge is exploitation by bulk meat buyers, who go for the lowest prices.
Impact: She comfortably caters to her family’s needs, and she is paying back her loans on time. In addition, she supports the community by supplying a cross-section of the elderly, including widows, with free milk.
Opinion: Ms Agatha has good business managerial skills, which she has put into use in the ventures, thus key for success.