Mafia Group


Status: Paid Back

$2,875.00   Loan Request
$2,875.00   Paid Back

About the Group

Group Name: Mafia Group
Group Members: Fatuma Matete
Chausiku Kionge
Salama Abdallah
Bella Micheal
Jamila Sia
Mwanadhahabu Abdallah
Shufa Membo
Ashura Saidi
Lightness Mowe
Nyamizi Abdallah
Mariam Ngumo
Hamad Rashid
Ishaka Shebe
Atugnila Mwanaluka
Zainabu Mohamed
Zukia Rashid
Hakika Juma
Rehema Rashid
Location: Dar Es Salaam, Tanzania
Activity: Tailoring

About the Loan

Loan Amount: $2,875.00
Loan Use: To purchase two more sewing machines
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 5, 2009
Date Disbursed: Apr 13, 2009
Date Funded:May 7, 2009
Loan Ended:Sep 15, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,342.8000 TZS = 1 USD



Fatuma Matete, age 40, is married with children. She has a tailoring business which she started some years ago. She works daily from 8am until 6pm. She is able to earn a monthly profit of around $274.

This will be Fatuma’s first loan from Tujijenge Tanzania. She wants to increase her tailoring business by buying two more sewing machines.

Fatuma will share this loan with her loan group, Mafia, which totals 18 members. The members of the group will hold each other accountable in paying back their loans. In the picture, Fatuma is third from left, second row, in white dress and white head covering.




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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Journal entries for Mafia Group


Loan has been disbursed
 
Entrepreneur: Mafia Group
Location: Dar Es Salaam, Tanzania

Thank you for your loan. It has been disbursed to Mafia Group, consisting of Fatuma Matete, Chausiku Kionge, Salama Abdallah, Bella Micheal, Jamila Sia, Mwanadhahabu Abdallah, Shufa Membo, Ashura Saidi, Lightness Mowe, Nyamizi Abdallah, Mariam Ngumo, Hamad Rashid, Ishaka Shebe, Atugnila Mwanaluka, Zainabu Mohamed, Zukia Rashid, Hakika Juma, Rehema Rashid 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
May 8, 2009
Comment on this entry

She is hard working and it shows!
 
Entrepreneur: Mafia Group
Location: Dar Es Salaam, Tanzania

Greetings from Tanzania! Thank you for supporting Fatuma Matete and the Mafia group. I am happy to report she is doing extremely well. With the loan she received, she purchased two more sewing machines. As a result, her monthly profit rose to $280! Fatuma uses the additional profits to cover household expenses and to pay tuition fees fro her children. Fatuma and the Mafia 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
Comment on this entry

Kiva Help Repayment Schedule for Mafia Group

  Expected Repayments Actual Repayments Comments
July 2009 $1,078.14 $1,078.13 Repayment Received
August 2009 $898.45 $898.45 Repayment Received
September 2009 $718.76 $718.77 Repayment Received
October 2009 $179.65 $179.65 Repayment Received