Terrano Group


Status: Paid Back

$4,450.00   Loan Request
$4,450.00   Paid Back

About the Group

Group Name: Terrano Group
Group Members: Fatuma Issa
Shamimu Kilimbugu
Kaimu Marufu
Anosiata Richard
Azi Shomari
Hellen Kimbindu
Rehema Matonya
Mary Mwaswembe
Grace Constatino (not pictured)
Adriana Kiula
Hawa Maro
Victoria Juma
Anjelina Vicent
Anasitanzia Petrol
Lucy Papala
Catherine Lucas
Christina Rusunya
Joyce Pamela
Rehema Mwailolo
Sohia Saidi
Christina Jeremia
Zatuni Juma
Location: Dar Es Salaam, Tanzania
Activity: Food Market

About the Loan

Loan Amount: $4,450.00
Loan Use: To expand store inventory and pay school fees
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 18, 2009
Date Disbursed: Jun 17, 2009
Date Funded:Jun 18, 2009
Loan Ended:Nov 16, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,310.0000 TZS = 1 USD



Fatuma Issa, age 41, is married with three children ages 22, 19, and 17. She has been selling food and water for 7 years. She works daily from 5am until 10pm. She is able to earn a monthly profit of around $138.


This will be Fatum’s 1st loan from Tujijenge Tanzania. She wants to use this loan to increase business capital and pay school fees.


Fatuma will share this loan with her loan group, Terrano which totals 22 members. The members of the group will hold each other accountable in paying back their loans. In the picture, Fatuma is 1st on the left standing second row.




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 Terrano Group


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

Thank you for your loan. It has been disbursed to Terrano Group, consisting of Fatuma Issa, Shamimu Kilimbugu, Kaimu Marufu, Anosiata Richard, Azi Shomari, Hellen Kimbindu, Rehema Matonya, Mary Mwaswembe, Grace Constatino, Adriana Kiula, Hawa Maro, Victoria Juma, Anjelina Vicent, Anasitanzia Petrol, Lucy Papala, Catherine Lucas, Christina Rusunya, Joyce Pamela, Rehema Mwailolo, Sohia Saidi, Christina Jeremia, Zatuni Juma 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
Jun 19, 2009
Comment on this entry

Fatuma is doing great!
 
Entrepreneur: Terrano Group
Location: Dar Es Salaam, Tanzania

Greetings from Tanzania! Thank you for supporting Fatuma Issa and the Terrano group with a loan. With the loan Fatuma received, she increased her capital and paid school fees. With the new loan her monthly profit rose from $138 to about $140! She used the profit for household expenses. Fatuma and the Terrano group are very grateful for the loan and are thankful to everyone 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
Oct 12, 2009
Comment on this entry

Kiva Help Repayment Schedule for Terrano Group

  Expected Repayments Actual Repayments Comments
September 2009 $1,668.75 $1,668.75 Repayment Received
October 2009 $1,112.50 $1,112.50 Repayment Received
November 2009 $1,112.50 $1,112.50 Repayment Received
December 2009 $556.25 $556.25 Repayment Received