Harakati Group
Status: Paid Back
| $2,300.00 | Loan Request | |
|---|---|---|
| $2,300.00 | Paid Back |
About the Group
| Group Name: | Harakati Group |
|---|---|
| Group Members: |
Adam Ritonka Mahamood Hassani Jeyari Hassani Hija Diwani Yusuph Mwiingereza Hihimwenga Iddi Ahmadi Shine Msiba Ramadhani Aysha Manase Emmanuel Hamisi (not pictured) Jeremia Bukuhi Hachimu Ally Ibrahim Abedi Yusuph Salum Abdul Hiabiti |
| Location: | Dar Es Salaam, Tanzania |
| Activity: | Used Clothing |
About the Loan
| Loan Amount: | $2,300.00 |
|---|---|
| Loan Use: | To buy more clothing |
| Repayment Term: | 5 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Mar 1, 2009 |
| Date Disbursed: | Feb 16, 2009 |
| Date Funded: | Mar 2, 2009 |
| Loan Ended: | Jun 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: | 1,312.0000 TZS = 1 USD |
Adam Ritonka, age 35, is married with three children ages 2, 8 and 12. He sells second-hand clothes at the Karuma market. He started this business in 1998 and works daily from 6am until 6pm. He is able to earn a monthly profit of around $104.
This will be Adam’s 1st loan from Tujijenge Tanzania. He wants to increase his capital so that he can get a larger stock of clothes for his business.
Adam will share this loan with his loan group, Harakati, which totals 15 members. The members of the group will hold each other accountable to pay back their loans. In the picture, Adam is in the middle wearing a grey shirt.
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 Adam’s 1st loan from Tujijenge Tanzania. He wants to increase his capital so that he can get a larger stock of clothes for his business.
Adam will share this loan with his loan group, Harakati, which totals 15 members. The members of the group will hold each other accountable to pay back their loans. In the picture, Adam is in the middle wearing a grey shirt.
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 Harakati 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 3, 2009 |
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Comment on this entry
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Adam is doing a great job!
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 Harakati Group
Repayment Schedule for Harakati Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| May 2009 | $985.74 | $985.73 |  Repayment Received
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| June 2009 | $657.16 | $657.12 | Repayment Received
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| July 2009 | $657.10 | $657.15 | Repayment Received
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