Mt Usambala Group
Status: Paying Back
| $4,550.00 | Loan Amount |
|---|
0% repaid
About the Group
| Group Name: | Mt Usambala Group |
|---|---|
| Group Members: |
Fausta Muhamed Damasi Mgimba Halima Ibrahim (not pictured) Yohana Mwapongo Imakulata Godfrey Hamisi Mtikacha Hamisi Seleman Gabriel Emnuel Neema Maro Esta Kunambi Emanuel Kunambi Sharifa Hassani (not pictured) Halima Daudi Happy Emanuel (not pictured) Monica Kalinga Josephine Joachim Time Mmnga Time Shamweji Dorosela Charles |
| Location: | Dar Es Salaam, Tanzania |
| Activity: | Construction Supplies |
About the Loan
| Loan Amount: | $4,550.00 |
|---|---|
| Loan Use: | purchasing cement and steel rods |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Oct 23, 2009 |
| Date Disbursed: | Oct 21, 2009 |
| Date Funded: | Oct 24, 2009 |
About the Field Partner
About the Field Partner
|
|
| Field Partner: | Tujijenge Tanzania Ltd |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 24 months |
| Kiva Entrepreneurs: | 4007 |
| Total Loans: | $910,950 |
| 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: | 1,314.0000 TZS = 1 USD |
Fausta Muhamed, age 39, is a widow with two children who are 9 and 15 years old respectively. She is "fundi sanifu" (different types of businesses) e.g. roof tiles, bricks and pots. She started this business in 2004. She works daily from 8 AM until 6 PM. She is able to earn a monthly profit of around $115.
This will be Fausta’s 7th loan from Tujijenge Tanzania. She used the previous loans to increase her business, finish roofing her house roof and pay school fees; the loan was paid back successfully. She hopes for a new loan to buy more materials for the business such as cement and steel rods.
Fausta will share this loan with her loan group Mt Usambara, which is composed of 19 members. The members of the group hold each other accountable in paying back their loans. In the picture, Fausta is 1st on the left front row in the black and white blouse.
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
This will be Fausta’s 7th loan from Tujijenge Tanzania. She used the previous loans to increase her business, finish roofing her house roof and pay school fees; the loan was paid back successfully. She hopes for a new loan to buy more materials for the business such as cement and steel rods.
Fausta will share this loan with her loan group Mt Usambara, which is composed of 19 members. The members of the group hold each other accountable in paying back their loans. In the picture, Fausta is 1st on the left front row in the black and white blouse.
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 Mt Usambala 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
Oct 25, 2009 |
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Comments (1)
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Repayment Schedule for Mt Usambala Group
Repayment Schedule for Mt Usambala Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| January 2010 | $1,137.50 | Available Jan 1 | |||
| February 2010 | $1,706.25 | Available Feb 1 | |||
| March 2010 | $1,137.50 | Available Mar 1 | |||
| April 2010 | $568.75 | Available Apr 1 | |||
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