Veronica's Tumaini. Group


Status: Paid Back

$725.00   Loan Request
$725.00   Paid Back

About the Group

Group Name: Veronica's Tumaini. Group
Group Members: Fatuma Saidi
Shamsia Omary
Rehema Njovu
Tatu Salehe
Veronica Mtalemwa
Location: Dar Es Salaam, Tanzania
Activity: Charcoal Sales

About the Loan

Loan Amount: $725.00
Loan Use: To buy more charcoal for her business.
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 22, 2008
Date Disbursed: Apr 6, 2008
Date Funded:Mar 23, 2008
Loan Ended:Mar 31, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,172.9000 TZS = 1 USD



Veronica is a married woman with 3 children, ages 12, 6 and 2 ½. She owns a small charcoal store, which she started in 2001, and is a batique designer. She works everyday from 8 a.m. to 4 p.m. at her business and can earn a monthly profit of about $290 from her sales.


She now hopes for a loan of $725 to buy more items for her business. She will share this loan with her subgroup members, who have businesses dealing in cloth selling, chicken keeping and wholesaling.



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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MAGGIE
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Dick
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Pleuke
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Chris
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Roman
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Journal entries for Veronica's Tumaini. Group


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

Thank you for your loan. It has been disbursed to the Veronica's Tumaini. group, consisting of Veronica Mtalemwa, Tatu Salehe, Rehema Njovu, Shamsia Omary, Fatuma Saidi 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
Apr 6, 2008
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Kiva Help Repayment Schedule for Veronica's Tumaini. Group

  Expected Repayments Actual Repayments Comments
July 2008 $72.50 $73.00 Repayment Received
August 2008 $72.50 $73.00 Repayment Received
September 2008 $72.50 $73.00 Repayment Received
October 2008 $72.50 $73.00 Repayment Received
November 2008 $72.50 $73.00 Repayment Received
December 2008 $72.50 $73.00 Repayment Received
January 2009 $72.50 $69.50 Repayment Received
February 2009 $72.50 $72.50 Repayment Received
March 2009 $72.50 $72.50 Repayment Received
April 2009 $72.50 $72.50 Repayment Received