Mzaituni Group
Status: Paid Back
| $4,225.00 | Loan Request | |
|---|---|---|
| $4,225.00 | Paid Back |
About the Group
| Group Name: | Mzaituni Group |
|---|---|
| Group Members: |
Joyce Mganga Emmaculata Ngasa Salome Deograrus Amina Dua Zahoro Sesala Sharrafu Mohamed Mathew Patrick Salum Mohamed Mohamed Mang'ing Swedi Shaibu Sikoki Mwaipopo (not pictured) Magret Mtomelo Agnes Mathew Betha Manfold Thednesta Mushi Magret Moses James Peter Halima Muhina |
| Location: | Dar Es Salaam, Tanzania |
| Activity: | Beauty Salon |
About the Loan
| Loan Amount: | $4,225.00 |
|---|---|
| Loan Use: | To improve a salon |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jul 6, 2009 |
| Date Disbursed: | Jun 30, 2009 |
| Date Funded: | Jul 12, 2009 |
| Loan Ended: | Nov 16, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Tujijenge Tanzania Ltd |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 24 months |
| Kiva Entrepreneurs: | 4029 |
| Total Loans: | $916,375 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Tanzania |
|---|---|
| Avg Annual Income: | $723.00 |
| Currency: | Tanzania Shillings (TZS) |
| Exchange Rate: | 1,300.0000 TZS = 1 USD |
This will be Joyce’s second loan from Tujijenge Tanzania. She used the previous loan to open a salon and buy a sack of powdered soap (which she sells door to door), and repaid the loan successfully. She wants a new loan to improve her salon.
Joyce will share this loan with her loan group, Mzaituni, which totals 18 members. The members of the group hold each other accountable in paying back their loans. In the picture, Joyce is first from the left in the front 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 Mzaituni Group
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Loan has been disbursed
Location: Dar Es Salaam, Tanzania
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Posted by
from Dar Es Salaam, Tanzania
Jul 13, 2009 |
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Comment on this entry
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She is really doing wonders in business!
Location: Dar Es Salaam, Tanzania
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Posted by
Rita Nyaborogo from Dar Es Salaam, Tanzania
Nov 10, 2009 |
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Comment on this entry
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Repayment Schedule for Mzaituni Group
Repayment Schedule for Mzaituni Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| September 2009 | $994.12 | $994.12 |  Repayment Received
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| October 2009 | $994.12 | $994.12 | Repayment Received
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| November 2009 | $1,242.65 | $1,242.65 | Repayment Received
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| December 2009 | $994.11 | $994.11 | Repayment Received
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