Micro Finance in Angola

Joana always loved to bake. She would make cakes at home and sell them on the street. However, because money was tight she could only irregularly afford the up front costs. Not having a business license complicated matters further.

In 2004 an initial loan of $100 she was able to open a shop and buy ingredients in bulk. Over time, she was able to reinvest her profits in an industrial mixer that has sped up her production.

Today, Joana is a successful entrepreneur running her own bakery. She has a steady flow of regular customers and has even begun to distribute her cakes through a local grocery store. And she is able to afford to send all three of her children to college in Angola.