Said Nassor's Kasi Mpya Group


Status: Paid Back

$1,575.00   Loan Request
$1,575.00   Paid Back

About the Group

Group Name: Said Nassor's Kasi Mpya Group
Group Members: Habiba Shaban
Janeth Masika
Edina Saguty
Juliatha Chuma
Joyce Robert
Said Nassor
Location: Dar Es Salaam, Tanzania
Activity: Cattle

About the Loan

Loan Amount: $1,575.00
Loan Use: to buy and sell more cattle
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 7, 2008
Date Disbursed: Jun 23, 2008
Date Funded:Jun 9, 2008
Loan Ended:Oct 29, 2008

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,182.0000 TZS = 1 USD



Said Nassor, age 50, is married with 4 children (ages 23, 21, 19 and 7). He buys and sells cattle in the business he started in1998. He works from 7am to 3pm daily and is able to make a monthly profit of about $208.

In the past Said has taken out two previous loans from Tujijenge Tanzania to increase his working capital. He hopes for a new loan to buy more cattle for sale.

Said will share this loan with his five subgroup members, who have shops, a nursery school, and businesses selling clothes and chickens.



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

Raf
Christchurch, Canterbury
New Zealand

Good Dogg
Front Porch, www.kivafriends.org
United States

Buchanan Family
www.kivafriends.org, Ramsey, NJ
United States

Jonas
Lewisham, London
United Kingdom

Anonymous
Boston, MA
United States

rick & laurie
santa cruz, CA
United States

Paul & Sue
Toronto, Ontario
Canada

Cornelis
Opunake, Taranaki
New Zealand

Terry
KivaFriends.org , St. Louis, MO
United States

Marion
Sechelt, British Columbia
Canada

Maria
Guelph, Ontario
Canada

Sam Snyder
Lawrence, KS
United States

Adrian
Crimmitschau,
Germany

Sue
Austin, TX
United States

Linda
Mt. Pleasant, SC
United States

Nicholas
Seattle, WA
United States

Matt and Karen
Oak Park, IL
United States

Anonymous
Röthenbach,
Germany

mariette
eindhoven,
Netherlands

Jon
Naperville, IL
United States

Derek
Orangeville, Ontario
Canada

Eric
sylmar, CA
United States

Pat
Fairfield, CA
United States

Anonymous
San Diego, CA
United States

Claus-Peter
www.kivafriends.org,
Germany

Colleen
San Diego, CA
United States

Donald
St. Louis, MO
United States

Robert
San Francisco, CA
United States

Joey
Los Angeles, CA
United States

Jack
San Jose, CA
United States

Bert-Ake
Hasselby, Sweden
Sweden

Kim & Hayden
Sydney, New South Wales
Australia

Marc
london, London
United Kingdom

Cathy
Cincinnati, OH
United States

Pat
Terrace Bay, Ontario
Canada

Johanna
Helsinki,
Finland

Rod
Invermay, Tasmania
Australia

Clever Spenden e.V.
Karlsruhe,
Germany

Greg
Windermere, FL
United States

Marie & Thierry
Neuilly-sur-Seine,
France

Erik
Bekkesta,



Journal entries for Said Nassor's Kasi Mpya Group


Loan has been disbursed
 
Entrepreneur: Said Nassor's Kasi Mpya Group
Location: Dar Es Salaam, Tanzania

Thank you for your loan. It has been disbursed to the Said Nassor's Kasi Mpya group, consisting of Said Nassor, Joyce Robert, Juliatha Chuma, Edina Saguty, Janeth Masika, Habiba Shaban by Tujijenge Tanzania Ltd in Tanzania. We are excited to watch this business grow. Over the next 4 months, 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
Jun 23, 2008
Comment on this entry

Pole, Pole (Slowly, Slowly in Swahili)
 
Entrepreneur: Said Nassor's Kasi Mpya Group
Location: Dar Es Salaam, Tanzania

Greetings from Tanzania! Thank you for supporting the Kasi Mpya group. Unfortunately, the entrepreneur originally interviewed for the business profile is no longer with the group. However, we did get to speak with Joyce Robert, a fellow group member and chairperson of the group. Joyce has a business of selling clothes, kangas and vitenge (traditional Swahili fabrics) door-to-door. Before the loan, her monthly profit was around $26 per month. With the loan Joyce received, she purchased more kanga and vitenge for her business. She has paid back the loan successfully and is now earning a monthly profit of around $34. Joyce uses the profits to pay for school fees for her four children as well as her brother. Joyce says the loan has really helped her. Joyce and the Kasi Mpya group are very grateful for the loan and are thankful to everyone who has supported them.

To see other loans being fundraised by Tujijenge Tanzania, please click on the following link: http://www.kiva.org/app.php?page=businesses&partner_id=87&status=fundRaising&sortBy=New+to+Old&_tpg=fb


Posted by Jara Small from Dar Es Salaam, Tanzania
Nov 12, 2008
Comments (1)

Kiva Help Repayment Schedule for Said Nassor's Kasi Mpya Group

  Expected Repayments Actual Repayments Comments
September 2008 $393.75 $394.00 Repayment Received
October 2008 $393.75 $394.00 Repayment Received
November 2008 $393.75 $394.00 Repayment Received
December 2008 $393.75 $393.00 Repayment Received