Mara Group


Status: Paying Back

$2,000.00   Loan Amount
75% repaid

About the Group

Group Name: Mara Group
Group Members: Rahma Mohamed
Azama Hassan
Amina Omary
Alapesi Kasabi
Asanati Said
Christina Michael
Felistar Roman
Jamila Shaban
Feresi Mohamed
Nadia Awad
Hija Ahmady
Rose Sepetu
Deo Antony
Mwasiti Hamis
Ibad Nindi
Location: Dar Es Salaam, Tanzania
Activity: Beauty Salon

About the Loan

Loan Amount: $2,000.00
Loan Use: To expand the salon and clothing sale businesses
Repayment Term: 5 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 7, 2009
Date Disbursed: Aug 6, 2009
Date Funded:Aug 8, 2009

About the Country

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



Rahma Mohamed, age 28, is single with one daughter who is three years old. She has a beauty salon that she started three years ago. She works from 10am to 7pm daily, and she is able to earn a monthly profit of about $113.

This will be Rahma’s third loan from Tujijenge Tanzania. She used the previous loans to expand her salon and started selling clothes and bed sheets, which she sells from door to door. She has paid the loans back successfully. She now hopes for a new loan to expand both businesses.

Rahma will share this loan with her loan group, Mara, which totals 15 members. These members hold each other accountable in paying back their loans. In the picture, Rahma is first on the right, back row, in a red t-shirt.




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

Millionaire Mommy ND
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Venkat
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howard and maureen
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STEVE
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Ulrika Calmar
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Richard and Jackie
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Linda
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Anna-Marco
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reinier
lexington, MA
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David and Laura
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Wouter
Eindhoven, Brabant
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Tom
Norwich, VT
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steve
ddo, Quebec
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Gayle M
Roanoke, VA
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John & Lois
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Elana
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anne

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Jonathan
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Matt & Kym
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Journal entries for Mara Group


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

Thank you for your loan. It has been disbursed to Mara Group, consisting of Rahma Mohamed, Azama Hassan, Amina Omary, Alapesi Kasabi, Asanati Said, Christina Michael, Felistar Roman, Jamila Shaban, Feresi Mohamed, Nadia Awad, Hija Ahmady, Rose Sepetu, Deo Antony, Mwasiti Hamis, Ibad Nindi 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
Aug 9, 2009
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Kiva Help Repayment Schedule for Mara Group

  Expected Repayments Actual Repayments Comments
October 2009 $375.00 $375.00 Repayment Received
November 2009 $500.00 $500.00 Repayment Received
December 2009 $625.00 $625.00 Repayment Received
January 2010 $500.00 Available Jan 1