Chisungo Investments:Success story
What started as a small business family is slowly turning into a burgeoning enterprise that is making waves in the Midlands area. Chisungo investments, a pot moulding group from Hillview village one (1) in Ward 22, Chirumanzu, is dreaming of better days ahead.
Chisungo investments started as a family project in 2015, and the group soon realised it could make more money after they joined Hand in Hand Zimbabwe programmes in 2018 where they were promptly trained on entrepreneurship, health and motivation. The group quickly married these three components within the MEY project with their already existing idealistic plan of expansion. This was done by equipping the young stars to come up with innovative ideas in enhancing, marketing and making sure they keep business records in an arranged orderly manner.
To date, Chisungo investment star club is one of the most ambitious, determined and most focused group one would be privileged to come across. Having a conversation with them in reference to their future plans one would be intrigued by the kind of vision they have as a group.
The group is enjoying brisk business in areas such as Mvuma, Lalapanzi and Ward 22 but they dream to be well known as the best three legged pot moulders and suppliers within the whole Midlands and even advance further to other provinces.
After joining forces with HiH, Chisungo group members were encouraged to take part in the ISALs activities, which helped them to boost their business. Within a few days, the group started off by saving at least $10 per month in June last year, but was forced to revise it downwards to $5 per month due to general economic hardships that were being experienced in the whole country.
The most unique trait about the star club, is that the group is made up of family members only – two married brothers and their wives, a single brother and sister.
With HiH advocating for knowledge sharing as one of the most important value within a group, as trained in module 1 (group strengthening), Chisungo Investment has proved to be one of the exemplary group. Information at hand shows that only one sibling of the group had prior pot moulding skills, which he later shared and trained his other family members. As it stands, everyone within the family has become very skilled in the moulding these pots and this has made the sharing and distribution of tasks easier for the group.
The star club members stay in one homestead with their aging parents who are very supportive and encourage them to work very hard to improve their living standards.
One of the challenges the group faced in the past was lack of capital to inject into the business and to procure raw materials needed in the moulding process.
“We tried several times to secure loans from other microfinances but each time our attempts hit brickwalls. What was even more frustrating was the fact that demand for our products was very high and we couldn’t meet demand due to lack of capital,” Talent Matandauro one of the family member said.
However, the group’s fortunes were turn for the better after they were selected to benefit from HiH’s pilot revolving fund.
“We used to produce 50 pots per month, which was not enough to meet demand from our local market. But since the time the four of us applied for $300 loans each to invest into the business, the group is now working on producing over 100 pots per month to supply the market,” Matandauro added.
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