Twaha Ally's Tupendana C Group


Status: Paid Back

$4,000.00   Loan Request
$4,000.00   Paid Back

About the Group

Group Name: Twaha Ally's Tupendana C Group
Group Members: Alfred Mchael
Asha Juma
Alim Abas
Jum Yahaya
Juma Abas
Mwatumu Shabani
Mrisho Said
Eizabeth Joseph
John Soli
Zawadi Christopher
Zainabu Amri
Nora Tarimo (not pictured)
Nyamizi Fransis
Buibwa Haji
Musa Amiri
Huru Mbezi
Devotha Henjewele
Twaha Ally
Location: Dar Es Salaam, Tanzania
Activity: Retail

About the Loan

Loan Amount: $4,000.00
Loan Use: To buy bricks to build a house
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 1, 2008
Date Disbursed: Jul 23, 2008
Date Funded:Jul 9, 2008
Loan Ended:Dec 16, 2008

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,195.0000 TZS = 1 USD



Twaha Ally, age 38, is married with one 2-year-old daughter. He sells mosquito nets, a business he started eight years ago. He works from 9 a.m. to 9 p.m. daily and is able to make a monthly profit of about $31.


Twaha has taken out four previous loans from Tujijenge Tanzania to increase his capital. He hopes for a new loan to buy bricks to build a small house. Twaha will share this loan with his loan group, named Tependane C, whose 18 members guarantee one another in paying back their loans.


In the picture Twaha is second from right, standing at the back.



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 Twaha Ally's Tupendana C Group


Loan has been disbursed
 
Entrepreneur: Twaha Ally's Tupendana C Group
Location: Dar Es Salaam, Tanzania

Thank you for your loan. It has been disbursed to the Twaha Ally's Tupendana C group, consisting of Twaha Ally, Devotha Henjewele, Huru Mbezi, Musa Amiri, Buibwa Haji, Nyamizi Fransis, Nora Tarimo, Zainabu Amri, Zawadi Christopher, John Soli, Eizabeth Joseph, Mrisho Said, Mwatumu Shabani, Juma Abas, Jum Yahaya, Alim Abas, Asha Juma, Alfred Mchael 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
Jul 23, 2008
Comment on this entry

One Potato, Two Potato
 
Entrepreneur: Twaha Ally's Tupendana C Group
Location: Dar Es Salaam, Tanzania

Greetings from Tanzania! Thank you for supporting the Tupendane C Group. Twaha Ally, who was interviewed for the business profile, has paid back the loan but dropped out of the group because his business was not doing well.

However, we got the opportunity to speak with the new group leader, Juma Abas. Juma has a business of purchasing potatoes upcountry and selling them wholesale in the Dar es Salaam area. With the loan he received, he purchased more potatoes. Depending on price fluctuations, he is able to earn a monthly profit of around $86-130. He uses the profits from his business to feed his three children and pay for their school fees. Juma and his group are very grateful for the loan and truly appreciate all your support.

To see other loans being raised 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
Dec 10, 2008
Comment on this entry

Kiva Help Repayment Schedule for Twaha Ally's Tupendana C Group

  Expected Repayments Actual Repayments Comments
October 2008 $1,000.00 $1,000.00 Repayment Received
November 2008 $1,000.00 $1,000.00 Repayment Received
December 2008 $1,000.00 $1,000.00 Repayment Received
January 2009 $1,000.00 $1,000.00 Repayment Received