Mti Pesa Group
Status: Paid Back
| $4,100.00 | Loan Request | |
|---|---|---|
| $4,100.00 | Paid Back |
About the Group
| Group Name: | Mti Pesa Group |
|---|---|
| Group Members: |
Abdulmagid Ngihleya Rehema Emmanuel Fatuma Yahaya Hussein Katundu (not pictured) Mwanahamis Muky (not pictured) Mwajuma Abdallah Regina Peter Rajabu Salum Ally O. Said Aziza Said Wilfredy Abel Mashaka Mvumbi Asma Maulid Salome Salum Amina Omary Mwanahamis Abdulah Tatu Hassan Hamis Seif Mbalike Juma Charles |
| Location: | Dar Es Salaam, Tanzania |
| Activity: | Services |
About the Loan
| Loan Amount: | $4,100.00 |
|---|---|
| Loan Use: | Buy a new welding machine. |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Apr 1, 2009 |
| Date Disbursed: | Mar 19, 2009 |
| Date Funded: | Apr 6, 2009 |
| Loan Ended: | Aug 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: | 1,300.0000 TZS = 1 USD |
Abdulmagidi Ngihleya, age 21 is single. He has a welding business which he started in 2008, at Maji Matitu. He works daily from 7am until 6.30pm. Abdulmagidi is able to earn a monthly profit of around $154.
This will be Abdulmagid’s third loan from Tujijenge Tanzania. He used the previous loans to buy four welding machines which were stolen on the same day. Adbulmagid (leave alone the disaster) has repaid the loans successfully. He hopes for a third loan to buy a new welding machine.
Abdulmagid will share this loan with his loan group, Mti Pesa (Kiswahili, a tree is money) which totals 19 members. The members of the group hold each other accountable for paying back their loans. In the picture, Abdulmagid is leaning on the table in a black t-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 Abdulmagid’s third loan from Tujijenge Tanzania. He used the previous loans to buy four welding machines which were stolen on the same day. Adbulmagid (leave alone the disaster) has repaid the loans successfully. He hopes for a third loan to buy a new welding machine.
Abdulmagid will share this loan with his loan group, Mti Pesa (Kiswahili, a tree is money) which totals 19 members. The members of the group hold each other accountable for paying back their loans. In the picture, Abdulmagid is leaning on the table in a black t-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 Mti Pesa 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
Apr 7, 2009 |
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Comment on this entry
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He is doing well and is shows!
Location: Dar Es Salaam, Tanzania
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Posted by
Rita Nyaborogo from Dar Es Salaam, Tanzania
Aug 21, 2009 |
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Comment on this entry
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Repayment Schedule for Mti Pesa Group
Repayment Schedule for Mti Pesa Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| June 2009 | $1,537.50 | $1,537.47 |  Repayment Received
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| July 2009 | $1,025.00 | $1,025.00 | Repayment Received
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| August 2009 | $1,025.00 | $1,025.00 | Repayment Received
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| September 2009 | $512.50 | $512.53 | Repayment Received
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