New Africa Group


Status: Paid Back

$2,800.00   Loan Request
$2,800.00   Paid Back

About the Group

Group Name: New Africa Group
Group Members: Hassan Tipa
George Minde
Masoud Othuman
Majuto Yahaya
Said Seleman
Yahya Muro
Salimin Mshana
Ramadhani Moto
Lucy Mbikie
Dickson Alex
Asha Ramadhani
Zainabu Said
Salome Mapunga
Hamis Msangi
Justina Ndasi
Peter Gabnus
Elizabeth Karistusi
Rosemary Urasa
Edward Sanga (not pictured)
Jackline Bernard
Mwajuma Mmanga
Location: Dar Es Salaam, Tanzania
Activity: Retail

About the Loan

Loan Amount: $2,800.00
Loan Use: To buy bottles to sell
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 23, 2008
Date Disbursed: Nov 17, 2008
Date Funded:Dec 11, 2008
Loan Ended:Apr 15, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,240.0000 TZS = 1 USD



Hassan Tipa, age 59, is married and has four children (ages 29, 25, 22, and 15). He has been selling empty bottles for 3 years now. He works from 8am to 5pm daily, and he makes about $292 per month.

He hopes to get a loan from Tujijenge Tanzania to increase his capital so that he can buy more bottles to sell. Hassan will share this loan with his group, New Africa, which has 21 members. These members hold each other accountable for repaying their loans.

In the picture, Hassan is the only man squatting in the front row.




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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Paula
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Melissa
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Journal entries for New Africa Group


Loan has been disbursed
 
Entrepreneur: New Africa Group
Location: Dar Es Salaam, Tanzania

Thank you for your loan. It has been disbursed to the Hassan Tipa group, consisting of Hassan Tipa, George Minde, Masoud Othuman, Majuto Yahaya, Said Seleman, Yahya Muro, Salimin Mshana, Ramadhani Moto, Lucy Mbikie, Dickson Alex, Asha Ramadhani, Zainabu Said, Salome Mapunga, Hamis Msangi, Justina Ndasi, Peter Gabnus, Elizabeth Karistusi, Rosemary Urasa, Edward Sanga, Jackline Bernard, Mwajuma Mmanga by Tujijenge Tanzania Ltd in Tanzania. We are excited to watch this business grow. Over the next 3 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
Dec 12, 2008
Comment on this entry

Hassan is really trying!
 
Entrepreneur: New Africa Group
Location: Dar Es Salaam, Tanzania

Greetings from Tanzania! Thank you for supporting Hassan Tipa and the New Africa group. I am happy to report he is doing extremely well. With the loan he received, he purchased more empty bottles for a good sale. As a result, his monthly profit rose from $292to $300! Hassan uses the additional profits to cover household expenses. Hassan and the New Africa group are very grateful for the loan and are thankful to every one 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 Rita Nyaborogo from Dar Es Salaam, Tanzania
May 13, 2009
Comment on this entry

Kiva Help Repayment Schedule for New Africa Group

  Expected Repayments Actual Repayments Comments
January 2009 $0.00 $186.67  
February 2009 $1,120.02 $933.35 Repayment Received
March 2009 $746.68 $746.68 Repayment Received
April 2009 $746.68 $746.68 Repayment Received
May 2009 $186.62 $186.62 Repayment Received