Mchakato Group

Status: Paid Back

$2,550.00		Loan Request
$2,550.00		Paid Back

About the Group

Group Name:	Mchakato Group
Group Members:	Margret Mtei Mwanaisha Mbaga Benson Mgritus Mustapha Mugwe Juma J.Said Yohana Swebe Mwanaidi Mgonja Bahati Mkwizo Mohamed Msangula Happy Y. Chalinze Hawa Issa Maggasa Edwa Mushi (not pictured) Elizabeth Chaula Alfred Nyangulu Roza Ruza
Location:	Dar Es Salaam, Tanzania
Activity:	Grocery Store

About the Loan

Loan Amount:	$2,550.00
Loan Use:	To start selling food products
Repayment Term:	6 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Feb 1, 2009
Date Disbursed:	Jan 21, 2009
Date Funded:	Feb 2, 2009
Loan Ended:	Jun 15, 2009

About the Field Partner

Field Partner:

Tujijenge Tanzania Ltd

Field Partner Risk Rating:

(Learn more)

Active

24 months

4029

$916,375

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Tanzania
Avg Annual Income:	$723.00
Currency:	Tanzania Shillings (TZS)
Exchange Rate:	1,380.0000 TZS = 1 USD

Margaret Mtei, age 37, is married with two children, ages 15 and 17. She has a grocery where she sells only drinks. She started this business three years ago and works daily from 8am until 11pm. She is able to earn a monthly profit of around $729.

This will be Margret’s second loan from Tujijenge Tanzania. She used the previous loan to increase the stock of her grocery and has repaid the loans successfully. She now hopes for a second loan to start selling food.

Margaret will share this loan with her loan group, Mchakato, which totals 15 members. The members of the group hold each other accountable in paying back their loans. In the picture, Margaret is second from the right.

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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Janas and Sigute
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Heather
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Nicole & Hiren
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Douglas
Liberty Hill, TX
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Trudy
Maple Ridge, British Columbia
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Sarah
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Thomas
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Pam
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Holli
bellevue, WA
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Katharine
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george
Olalla, WA
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Anonymous
Oakdale, MN
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Dell
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Andreas Dittes
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Student
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Charles
St. Louis, MO
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Harriet
Woodland Hills, CA
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nadine
Santa Barbara, CA
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STEVE
LAS VEGAS, NV
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Patsy
Lennox Head, New South Wales
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Mary Sue
Gualala, CA
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Ashley
Bethesda, MD
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Evan
Lubbock, Texas
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Stephen
Tokyo, Tokyo
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Krankster
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Catherine
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Anonymous
East Hampton, NY
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Anonymous

Rose
Annandale, VA
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Julia
Durham, NC
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Jack
Victoria, British Columbia
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SueLynn
Newman Lake, WA
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KMT
College Park, GA
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Jamika
State College, PA
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Ken
Menlo Park, CA
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Jon
Los Altos Hills, CA
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Ben
Los Angeles, CA
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Michael
St. Louis, MO
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Matthew
San Francisco, CA
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Bentley
Pasadena, CA
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delores
Orangeburg, SC
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Michael
Edmonton, Alberta
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Max
Austin, TX
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Ricky
Williamstown, Victoria
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Frode
Skedsmo, Norway
Norway

John Valantine
Orange, CA
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Christophe
Saffron WALDEN, Essex
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Sunil
San Jose, CA
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Nathan
FPO, AP
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Marcia
Amsterdam,
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Pakalulu
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Journal entries for Mchakato Group

Loan has been disbursed Entrepreneur: Mchakato Group Location: Dar Es Salaam, Tanzania Thank you for your loan. It has been disbursed to the Margret Mtei group, consisting of Margret Mtei, Mwanaisha Mbaga, Benson Mgritus, Mustapha Mugwe, Juma J.Said, Yohana Swebe, Mwanaidi Mgonja, Bahati Mkwizo, Mohamed Msangula, Happy Y. Chalinze, Hawa Issa Maggasa, Edwa Mushi, Elizabeth Chaula, Alfred Nyangulu, Roza Ruza by Tujijenge Tanzania Ltd in Tanzania. We are excited to watch this business grow. Over the 3 months of this loan, 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 Feb 3, 2009
Comment on this entry

She is doing fine and is shows! Entrepreneur: Mchakato Group Location: Dar Es Salaam, Tanzania Greetings from Tanzania! Thank you for supporting Margret Mtei and Mchakato group with a loan. With the loan Margret received she started selling food, on top of her drinks sells. With the increased sells, her monthly profit rose from $729 to about $800! Margret uses the profit to continually increase the stock and help in paying school fees. Margret and Mchakato 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 Rita Nyaborogo from Dar Es Salaam, Tanzania Jun 12, 2009
Comment on this entry

Repayment Schedule for Mchakato Group

Show Advanced

	Expected Repayments	Actual Repayments	Comments
April 2009	$637.50	$637.50	Repayment Received
May 2009	$956.25	$956.25	Repayment Received
June 2009	$637.50	$637.48	Repayment Received
July 2009	$318.75	$318.77	Repayment Received