Mema Group


Status: Paid Back

$2,925.00   Loan Request
$2,925.00   Paid Back

About the Group

Group Name: Mema Group
Group Members: Mkema Josephat
Asia Kato
Ramadhani Chasigwa
Getrude Joseph
Rehema Waziri
Rogart Benedict
Paul John
Hastings Fredrick
Clemence Mushi
Idda Mbwana
Hamisi Abdalah
Karoli Mshanga
Nicolausi Masare
Edwin Syliverta
Yusuph Shabani
Mohamed Shabani
Location: Dar Es Salaam, Tanzania
Activity: Clothing Sales

About the Loan

Loan Amount: $2,925.00
Loan Use: Increase clothing business
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 1, 2009
Date Disbursed: Feb 16, 2009
Date Funded:Mar 1, 2009
Loan Ended:Jul 15, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,312.0000 TZS = 1 USD



Mkema Josephat, age 47, is married with three children ages 17, 12 and 2. He sells new clothes. He started this business in 2000 and works daily from 8am until 8pm. He is able to earn a monthly profit of around $40.

This will be Mkema's sixth loan from Tujijenge Tanzania. He used the previous loans to increase his stock of clothes and has repaid the loans successfully. He hopes this loan will increase the size of his business again.

Mkema will share this loan with his loan group, Mema, which totals 16 members. The members of the group will hold each other accountable to pay back their loans. In the picture, Mkema is 1st on the left in front.



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 Mema Group


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

Thank you for your loan. It has been disbursed to Mema Group, consisting of Mkema Josephat, Asia Kato, Ramadhani Chasigwa, Getrude Joseph, Rehema Waziri, Rogart Benedict, Paul John, Hastings Fredrick, Clemence Mushi, Idda Mbwana, Hamisi Abdalah, Karoli Mshanga, Nicolausi Masare, Edwin Syliverta, Yusuph Shabani, Mohamed Shabani 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
Mar 2, 2009
Comment on this entry

He is doing fine!
 
Entrepreneur: Mema Group
Location: Dar Es Salaam, Tanzania

Greetings from Tanzania! Thank you for supporting Mkema Josephat and the Mema group. I am happy to report he is doing extremely well. With the loan he received, he improved on his closing stock. As a result, his monthly profit rose to $40! He uses the additional profits to cover household expenses and to still increase his stock. Mkema and the Mema 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 Mema Group

  Expected Repayments Actual Repayments Comments
May 2009 $1,096.86 $1,096.89 Repayment Received
June 2009 $731.24 $731.24 Repayment Received
July 2009 $731.24 $731.26 Repayment Received
August 2009 $365.66 $365.61 Repayment Received