Kiboriloni Group


Status: Paying Back - Delinquent

$625.00   Loan Amount
0% repaid

About the Group

Group Name: Kiboriloni Group
Group Members: Neema Fabian
Dainesi Elinihaki
Shamsa Rashid
Feis Alex
Location: Kilimanjaro, Tanzania
Activity: Clothing Sales

About the Loan

Loan Amount: $625.00
Loan Use: To buy more clothes to sell
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jul 23, 2009
Date Disbursed: Jun 24, 2009
Date Funded:Jul 23, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,329.0000 TZS = 1 USD



Neema is a member of the Majengo borrower group in Kiboriloni, Kilimanjaro. She is 21 years old and married with one three-year-old child. Two years ago, Neema started her own business selling clothes. She works 12 hours a day and earns a monthly profit of approximately 150,000 TZS. This is Neema’s first loan from Kiva partner, BRAC Tanzania. She has requested 200,000 TZS in order to buy more clothes to sell. With the additional profit she gains from the use of this loan, Neema hopes to expand her business.


Dainesi, Shamsa and Feis are also members of the same Majengo borrower group. They have also requested 200,000 TZS each in order to support their own clothing businesses.






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 Kiboriloni Group


Loan has been disbursed
 
Entrepreneur: Kiboriloni Group
Location: Kilimanjaro, Tanzania

Thank you for your loan. It has been disbursed to Kiboriloni Group, consisting of Neema Fabian, Dainesi Elinihaki, Shamsa Rashid, Feis Alex by BRAC Tanzania in Tanzania. We are excited to watch this business grow. Over the 11 months of this loan, BRAC Tanzania will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kilimanjaro, Tanzania
Jul 24, 2009
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Kiva Help Repayment Schedule for Kiboriloni Group

  Expected Repayments Actual Repayments Comments
September 2009 $60.10 $0.00 Delinquent
October 2009 $48.07 $0.00 Delinquent
November 2009 $60.10 $0.00 Delinquent
December 2009 $48.08 Available Dec 1  
January 2010 $48.07 Available Jan 1  
February 2010 $60.10 Available Feb 1  
March 2010 $48.08 Available Mar 1  
April 2010 $48.07 Available Apr 1  
May 2010 $60.10 Available May 1  
June 2010 $48.08 Available Jun 1  
July 2010 $48.07 Available Jul 1  
August 2010 $48.08 Available Aug 1