Mapinduzi Group
Status: Paid Back
| $4,850.00 | Loan Request | |
|---|---|---|
| $4,850.00 | Paid Back |
About the Group
| Group Name: | Mapinduzi Group |
|---|---|
| Group Members: |
Shakila Omary Andrew Michael Bakari Mohamed Rehema Zakari Josephine Raulent Rose Mkayandike Twakuba Ramadhan Shamera Athmani Arafa Hassan Jumanne Msaty Salme Omary Salma Sultan Shanifa Abdallah Amine Hassan Sharife Athman Laile Hamad Mohamed Ally Mwajabu Mohemo Minjume Mishehe Hawa Hassan |
| Location: | Dar Es Salaam, Tanzania |
| Activity: | Pharmacy |
About the Loan
| Loan Amount: | $4,850.00 |
|---|---|
| Loan Use: | To build a pharmacy |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Mar 6, 2009 |
| Date Disbursed: | Feb 9, 2009 |
| Date Funded: | Mar 7, 2009 |
| Loan Ended: | Jul 15, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Tujijenge Tanzania Ltd |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 24 months |
| Kiva Entrepreneurs: | 4029 |
| Total Loans: | $916,375 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Tanzania |
|---|---|
| Avg Annual Income: | $723.00 |
| Currency: | Tanzania Shillings (TZS) |
| Exchange Rate: | 1,310.0000 TZS = 1 USD |
Shakila Omary, age 30, is married with two children, ages 15 and 18. She sells juice and bites. She started this business five years ago and works daily from 8am until 11pm. She is able to earn a monthly profit of around $207.
This will be Shakila’s sixth loan from Tujijenge Tanzania. She used the previous loans to increase the stock and improve her cafe and has repaid the loans successfully. She now hopes for a sixth loan to open a pharmacy.
Shakila will share this loan with her loan group, Mapinduzi, which totals 20 members. The members of the group hold each other accountable in paying back their loans. In the picture, Shakila Omary is in the back left in a dark dress.
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
This will be Shakila’s sixth loan from Tujijenge Tanzania. She used the previous loans to increase the stock and improve her cafe and has repaid the loans successfully. She now hopes for a sixth loan to open a pharmacy.
Shakila will share this loan with her loan group, Mapinduzi, which totals 20 members. The members of the group hold each other accountable in paying back their loans. In the picture, Shakila Omary is in the back left in a dark dress.
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 Mapinduzi Group
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Loan has been disbursed
Location: Dar Es Salaam, Tanzania
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Posted by
from Dar Es Salaam, Tanzania
Mar 8, 2009 |
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Comment on this entry
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Shakina is really active!
Location: Dar Es Salaam, Tanzania
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Posted by
Rita Nyaborogo from Dar Es Salaam, Tanzania
Jul 10, 2009 |
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Comment on this entry
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Repayment Schedule for Mapinduzi Group
Repayment Schedule for Mapinduzi Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| May 2009 | $2,121.84 | $2,121.85 |  Repayment Received
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| June 2009 | $1,212.48 | $1,212.48 | Repayment Received
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| July 2009 | $1,212.48 | $1,212.52 | Repayment Received
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| August 2009 | $303.20 | $303.15 | Repayment Received
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