Karea Wamba's Group


Status: Paid Back

$2,200.00   Loan Request
$2,200.00   Paid Back

About the Group

Group Name: Karea Wamba's Group
Group Members: Karea Wamba
Zaituma Mohamed
Scolastic Lui
Emelda Joseph
Salama Yahaya
Eva Komba
Jamali Charles
Yaga Bakari
Marian Ibrahim
Salma Jacob (not pictured)
Fatuma Omary
Andela Moses
Mwajuma Khamis
Magret Akilimali
Sada Ngare
Location: Dar Es Salaam, Tanzania
Activity: Clothing Sales

About the Loan

Loan Amount: $2,200.00
Loan Use: To start selling handbags
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 16, 2009
Date Disbursed: Apr 14, 2009
Date Funded:Apr 16, 2009
Loan Ended:Sep 15, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,332.5000 TZS = 1 USD



Karea Wamba, age 60, is married with eight grown-up children. She has a clothing shop, which she started in 2002. She works daily from 8am until 5pm. She is able to earn a monthly profit of around $296.

This will be Karea’s first loan from Tujijenge Tanzania. She wants to use this loan to increase her capital and start selling handbags.

Karea will share this loan with her loan group, Temeke, which totals 15 members. The members of the group will hold each other accountable in paying back their loans. In the picture, Karea is first on the left, standing with a covered head.




About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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Lenders to this group

Christina + Frank
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Larry
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Dirk L.

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Edward
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howard and maureen
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Peggy
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NumbNut
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Teoh LayGhee Foundation
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Per Lönn
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Tom
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Anonymous
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John and Georgia
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Cosmin
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Molly
Stranraer, Scotland
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Natasha
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Abhishek Cherian George
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Dan
Chantilly, VA
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Dan
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Frederico
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Rebecca
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Good Dogg
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Margo
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Wilma
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Savi
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Beth
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Colin
Saskatoon, Saskatchewan
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Benjamin
CHICAGO, IL
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Kurt
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Dominic
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anne
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VIDAL-ENGAURRAN
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Yannick
PITTSBURGH, PA
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Harini
Indianapolis, IN
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Patricia
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Helle
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Buchanan Family
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andre
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Ted
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Aileen
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Pakalulu
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Jon
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Lynn
Olathe, KS
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Jeff L.
Bronx, NY
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Akrita
New Delhi, New Delhi
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Terry T
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Andrew & Jamie
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Mary & Bob
Decatur, GA
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Mark
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William
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RNW
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D&G
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Kamesh
San Jose, CA
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Andreas Dittes
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Doug
Tarzana, CA
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S.J.
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David
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Anonymous
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Anonymous
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Girish
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Marta
Bellingham, WA
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Amnesty14
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Lisa
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TJ Middle School
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Murray
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Neal
Carpinteria, CA
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Nazaret
Lublin, Poland
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Matt
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Dave & Lisa
Coppell, TX
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Stella
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Anonymous
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Journal entries for Karea Wamba's Group


Loan has been disbursed
 
Entrepreneur: Karea Wamba's Group
Location: Dar Es Salaam, Tanzania

Thank you for your loan. It has been disbursed to Karea Wamba's Group, consisting of Karea Wamba, Zaituma Mohamed, Scolastic Lui, Emelda Joseph, Salama Yahaya, Eva Komba, Jamali Charles, Yaga Bakari, Marian Ibrahim, Salma Jacob, Fatuma Omary, Andela Moses, Mwajuma Khamis, Magret Akilimali, Sada Ngare by Tujijenge Tanzania Ltd in Tanzania. We are excited to watch this business grow. Over the 3 months of this loan, Tujijenge Tanzania Ltd will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Dar Es Salaam, Tanzania
Apr 17, 2009
Comment on this entry

She is doing fine and is shows!
 
Entrepreneur: Karea Wamba's Group
Location: Dar Es Salaam, Tanzania

Greetings from Tanzania! Thank you for supporting Karea Wamba and the Temeke group. I am happy to report she is doing extremely well. With the loan she received, she purchased more clothes and hand bags. As a result, her monthly profit rose to $309! Karea uses the additional profits to cover household expenses and purchased more hand-bags . Karea and the Temeke group are very grateful for the loan and are thankful to every one who has supported them.

To see other loans being fundraised by Tujijenge Tanzania, please click on the following link: http://www.kiva.org/app.php?page=businesses&partner_id=87&status=fundRaising&sortBy=New+to+Old&_tpg=fb


Posted by Rita Nyaborogo from Dar Es Salaam, Tanzania
Aug 21, 2009
Comments (1)

Kiva Help Repayment Schedule for Karea Wamba's Group

  Expected Repayments Actual Repayments Comments
June 2009 $275.00 $275.00 Repayment Received
July 2009 $550.00 $550.00 Repayment Received
August 2009 $687.50 $687.50 Repayment Received
September 2009 $550.00 $550.00 Repayment Received
October 2009 $137.50 $137.50 Repayment Received