Veronica's Raha Group


Status: Paid Back

$625.00   Loan Request
$625.00   Paid Back

About the Group

Group Name: Veronica's Raha Group
Group Members: Asha Juma
Tausi Ally
Moza Rashidi
Veronica Richard
Location: Dar Es Salaam, Tanzania
Activity: Clothing Sales

About the Loan

Loan Amount: $625.00
Loan Use: To buy more items for her business.
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 12, 2008
Date Disbursed: Mar 28, 2008
Date Funded:Mar 14, 2008
Loan Ended:Mar 15, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,161.8000 TZS = 1 USD



Veronica is 27 years old and is a married woman with 3 children, ages 9 and 6 years old, and 7 months. Veronica owns a small grocery store and sells cloth. She started in 2007 . Every day, she works from 6.30am to 9pm at her business and can earn a monthly profit of about $240 from her sales.


She now hopes for a loan to buy more items for her business. She will share this loan with her subgroup members, who sell food and decorations.



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

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Mark
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Journal entries for Veronica's Raha Group


Loan has been disbursed
 
Entrepreneur: Veronica's Raha Group
Location: Dar Es Salaam, Tanzania

Thank you for your loan. It has been disbursed to the Veronica's Raha group, consisting of Veronica Richard, Moza Rashidi, Tausi Ally, Asha Juma 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 29, 2008
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Kiva Help Repayment Schedule for Veronica's Raha Group

  Expected Repayments Actual Repayments Comments
June 2008 $62.50 $63.00 Repayment Received
July 2008 $62.50 $63.00 Repayment Received
August 2008 $62.50 $63.00 Repayment Received
September 2008 $62.50 $63.00 Repayment Received
October 2008 $62.50 $63.00 Repayment Received
November 2008 $62.50 $63.00 Repayment Received
December 2008 $62.50 $60.00 Repayment Received
January 2009 $62.50 $62.00 Repayment Received
February 2009 $62.50 $62.50 Repayment Received
March 2009 $62.50 $62.50 Repayment Received