Tarangire Group


Status: Paying Back

$2,275.00   Loan Amount
0% repaid

About the Group

Group Name: Tarangire Group
Group Members: Majaliwa Mohamed
Salma Bahroon
Esther Albert (not pictured)
Rehema Said
Zaitlin Ally
Mary Mnenee
Juma Msliya
Location: Dar Es Salaam, Tanzania
Activity: Movie Tapes & DVDs

About the Loan

Loan Amount: $2,275.00
Loan Use: To buy new DVD's and CD's to expand the stock of his business
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 1, 2009
Date Disbursed: Oct 28, 2009
Date Funded:Nov 6, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,323.5000 TZS = 1 USD



Majaliwa Mohamed is 32 years old, married and has one child. His daughter Ashura is five years old. Majaliwa owns a video and music store in the Tabata region of Dar es Salaam where he sells DVD's, CD's, and TV's. Majaliwa started this business two years ago, and it is open daily from 10 am to 10:30 pm. Majaliwa is able to earn a monthly profit of about $40.

This will be Majaliwa's 6th loan from Tujijenge. All of his previous loans were repaid successfully. With those loans, he increased the stock of his store. The extra profits that Majaliwa earned as a result of his previous loans enabled him to buy land. He hopes to use this loan to again increase the stock in his store. Until now, he has sold mostly used DVD's and CD's. He would like to purchase new DVD's and CD's that he can sell at a higher price.

Majaliwa will share this loan with the 7 other members of his sub-group, which is part of a larger loan group called Tarangire. In the photo, Majaliwa is standing second from the right, in the back 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 Tarangire Group


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

Thank you for your loan. It has been disbursed to Tarangire Group, consisting of Majaliwa Mohamed, Salma Bahroon, Esther Albert, Rehema Said, Zaitlin Ally, Mary Mnenee, Juma Msliya 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
Nov 7, 2009
Comment on this entry

Kiva Help Repayment Schedule for Tarangire Group

  Expected Repayments Actual Repayments Comments
January 2010 $568.75 Available Jan 1  
February 2010 $710.94 Available Feb 1  
March 2010 $568.75 Available Mar 1  
April 2010 $426.56 Available Apr 1