Msasani Group


Status: Paying Back

$1,875.00   Loan Amount
52% repaid

About the Group

Group Name: Msasani Group
Group Members: Redson Moka
Zerabu Masimbu
Bariki James
Severina Salmone
Mohamed Mussa
Belta William
Location: Dar Es Salaam, Tanzania
Activity: General Store

About the Loan

Loan Amount: $1,875.00
Loan Use: To inrease inventory and paint his house.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 28, 2009
Date Disbursed: Aug 25, 2009
Date Funded:Aug 29, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,311.0000 TZS = 1 USD



Redson Moka, age 60, is married with six grownup children. He has owned a general store business since 1970. He works from 6.30am to 10pm daily and is able to earn a monthly profit of about $153.

This will be Redson’s fouth loan from Tujijenge Tanzania. He used the previous loans to renovate his house and increase his business and has paid the loans back successfully. He now hopes for a new loan to grow the store and to paint his house.

Redson will share this loan with subgroup A of the Msasani group. The subgroup has 6 members, who are shopkeepers, drivers, grocery store owners and masons. These members hold each other accountable in paying back their loans. In the picture, Redson is second from right in a blue 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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Journal entries for Msasani Group


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

Thank you for your loan. It has been disbursed to Msasani Group, consisting of Redson Moka, Zerabu Masimbu, Bariki James, Severina Salmone, Mohamed Mussa, Belta William 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 30, 2009
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Kiva Help Repayment Schedule for Msasani Group

  Expected Repayments Actual Repayments Comments
November 2009 $551.47 $551.47 Repayment Received
December 2009 $441.18 $441.18 Repayment Received
January 2010 $441.18 Available Jan 1  
February 2010 $441.17 Available Feb 1