Maiha Zakhem Group


Status: Paid Back

$4,875.00   Loan Request
$4,875.00   Paid Back

About the Group

Group Name: Maiha Zakhem Group
Group Members: Asia Kassimu
Sara Ally
Sharifa Bakari
Zahara Hamza
Husna Hamza
Michael Muhanga
James Anthony
Fatuma Abdallah
Zainabu Abdallah
Mariam Athuman
Sharifa Juma
Yusufu Yasini
Daima Kondo
Hadija Fadhili
Mauwa Omary
Juhudi Kipendele
Location: Dar Es Salaam, Tanzania
Activity: Soft Drinks

About the Loan

Loan Amount: $4,875.00
Loan Use: To reinforce the working capital of the various businesses
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 11, 2009
Date Disbursed: Feb 9, 2009
Date Funded:Feb 15, 2009
Loan Ended:Jul 15, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,319.9999 TZS = 1 USD



Asia Kasimu, 34, is married with no children. She sells soft drinks. She started this business in 2002 and works daily from 9am until 11pm. She is able to earn a monthly profit of around US$ 311.



This will be Asia’s seventh loan from Tujijenge Tanzania. She used the previous loans to increase her stock and bought a fridge. She has repaid the loans successfully. She now hopes for this seventh loan but has not planned what she really wants to do with her share.

Asia will share this loan with her loan group, "Maisha Zakhem", which totals 16 members. The members of the group hold each other accountable in paying back their loans. In the picture, Asia is 1st from left, standing, second 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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Journal entries for Maiha Zakhem Group


Loan has been disbursed
 
Entrepreneur: Maiha Zakhem Group
Location: Dar Es Salaam, Tanzania

Thank you for your loan. It has been disbursed to the Asia Kassimu group, consisting of Asia Kassimu, Sara Ally, Sharifa Bakari, Zahara Hamza, Husna Hamza, Michael Muhanga, James Anthony, Fatuma Abdallah, Zainabu Abdallah, Mariam Athuman, Sharifa Juma, Yusufu Yasini, Daima Kondo, Hadija Fadhili, Mauwa Omary, Juhudi Kipendele 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 16, 2009
Comment on this entry

Salon is popular!
 
Entrepreneur: Maiha Zakhem Group
Location: Dar Es Salaam, Tanzania

Greetings from Tanzania! Thank you for supporting Aisha Kasimu and the Maisha Zakhem group. I am happy to report she is doing extremely well. With the loan she received, she has not decided what she really wants to do with it, she has deposited it in her account. She continues with her soft drinks sell and her monthly profit rose to about $320! Aisha uses the additional profits to cover household expenses and to pay back the loan. Aisha and the Maisha Zakhem 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
Jul 10, 2009
Comments (1)

Kiva Help Repayment Schedule for Maiha Zakhem Group

  Expected Repayments Actual Repayments Comments
April 2009 $609.38 $609.38 Repayment Received
May 2009 $1,523.45 $1,523.45 Repayment Received
June 2009 $1,218.76 $1,218.72 Repayment Received
July 2009 $1,218.76 $1,218.76 Repayment Received
August 2009 $304.65 $304.69 Repayment Received