Rahabu's Tupendane. Group


Status: Paid Back

$400.00   Loan Request
$400.00   Paid Back

About the Group

Group Name: Rahabu's Tupendane. Group
Group Members: Emy Mwantipa
Neema Mwakanani
Rahabu Mwaijumba
Location: Dar Es Salaam, Tanzania
Activity: Food Production/Sales

About the Loan

Loan Amount: $400.00
Loan Use: To buy more food items for sale
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 9, 2008
Date Disbursed: Mar 23, 2008
Date Funded:Mar 9, 2008
Loan Ended:Mar 6, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,165.1500 TZS = 1 USD



Rahabu is a 38 year old married woman with three children, aged 16, 8 and 5 years. She and her husband also take care of 1 other person, aged 62 years. Rahabu owns a small food store that she started in 2007. Every day, she works from 5:45am to 9:30pm at her business and can earn a monthly profit of about $190 from her sales.


Rahabu now hopes for a loan to buy more food items for her business. She will share this loan with her subgroup members, Neema and Emy, who have business dealings in food vending and sales.

This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her own business. The members mutually guarantee each other's loans. If one member does not repay, the other members are responsible for the member who fails to pay.



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

Mark
West Grove, PA
United States

Thara
Sanford, FL
United States

greta
Clearwater, FL
United States

John
Lafayette, CA
United States

katie
tacoma, WA
United States

Anonymous
Mckinney, TX
United States



Journal entries for Rahabu's Tupendane. Group


Loan has been disbursed
 
Entrepreneur: Rahabu's Tupendane. Group
Location: Dar Es Salaam, Tanzania

Thank you for your loan. It has been disbursed to the Rahabu's Tupendane. group, consisting of Rahabu Mwaijumba, Neema Mwakanani, Emy Mwantipa by BRAC Tanzania in Tanzania. We are excited to watch this business grow. Over the next 10 months, BRAC Tanzania will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Dar Es Salaam, Tanzania
Mar 23, 2008
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Kiva Help Repayment Schedule for Rahabu's Tupendane. Group

  Expected Repayments Actual Repayments Comments
June 2008 $40.00 $40.00 Repayment Received
July 2008 $40.00 $40.00 Repayment Received
August 2008 $40.00 $40.00 Repayment Received
September 2008 $40.00 $40.00 Repayment Received
October 2008 $40.00 $40.00 Repayment Received
November 2008 $40.00 $40.00 Repayment Received
December 2008 $40.00 $40.00 Repayment Received
January 2009 $40.00 $40.00 Repayment Received
February 2009 $40.00 $40.00 Repayment Received
March 2009 $40.00 $40.00 Repayment Received