Sunday, April 19, 2009

Peanut Butter Business

A group of four women in Zimbabwe decided that buying peanuts from local farmers and grinding them into butter would not only provide them with a great business opportunity, but it would give their community access to a cheaper source of the nutritious supplement. Starting a business in a developing country is difficult for numerous reasons, but this didn't stop the group of entrepreneurs. With the help of Practical Action, they were able to write a business plan and take out a loan. They quickly made a profit to repay the loan, and this enabled them to grow and get better equipment. Thanks to their new peanut butter business, these four women have financial stability, savings, and can now provide a better quality of life for their families.
Source: Practical Action