Ruziki Kigogo Group


Status: Paid Back

$3,850.00   Loan Request
$3,850.00   Paid Back

About the Group

Group Name: Ruziki Kigogo Group
Group Members: Helene Stephen
Pauline John
Miraji Hamedi
Sophia Rashid
Dorice Sifuni
Laile Salehe (not pictured)
Godlise Casbeth
Witness Muzugale
Mwajune Mresi
Rehema Shomani
Constemsie Martin
Jinna Rashid
Elice Sembe
Selena Nipange
Faluata June
Sharon Thomas
Location: Dar Es Salaam, Tanzania
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $3,850.00
Loan Use: buying more vegetables and fruit for re-sale and bricks for her house
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 3, 2009
Date Disbursed: Mar 31, 2009
Date Funded:Apr 5, 2009
Loan Ended:Aug 15, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,325.0000 TZS = 1 USD



Helene Stephen, age 32, is married with three children (ages 15, 12 and 7). She has a business selling vegetables and fruits in Kigogo Fresh. She started the business 5 years ago and works daily from 6am until 10pm. Helen is able to earn about US$ 62 per month.



This will be Helene's eighth loan from Tujijenge Tanzania, and she is excited to get started! She intends to use the loan to increase her stock and to buy material to make bricks to build her home.



Helene will share this loan with her loan group, Riziki Kigogo. The group has 16 members. The members of the group hold each other accountable in paying back their loans. In the picture, Helen is the first on the right in the blue 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 Ruziki Kigogo Group


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

Thank you for your loan. It has been disbursed to Ruziki Kigogo Group, consisting of Helene Stephen, Pauline John, Miraji Hamedi, Sophia Rashid, Dorice Sifuni, Laile Salehe, Godlise Casbeth, Witness Muzugale, Mwajune Mresi, Rehema Shomani, Constemsie Martin, Jinna Rashid, Elice Sembe, Selena Nipange, Faluata June, Sharon Thomas 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
Apr 6, 2009
Comment on this entry

Helena is doing great!
 
Entrepreneur: Ruziki Kigogo Group
Location: Dar Es Salaam, Tanzania

Greetings from Tanzania! Thank you for supporting Helena Stephen and the Ruziki group. I am happy to report she is doing extremely well! With the loan she relived she increased on her table top business and made enough bricks ready for starting building her house. As a result, her monthly profit rose to $80! Helena uses the additional profits to cover household expenses and to buy more fabrics. Helena and the Ruziki 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
Aug 21, 2009
Comment on this entry

Kiva Help Repayment Schedule for Ruziki Kigogo Group

  Expected Repayments Actual Repayments Comments
June 2009 $962.50 $962.48 Repayment Received
July 2009 $962.50 $962.50 Repayment Received
August 2009 $962.50 $962.50 Repayment Received
September 2009 $962.50 $962.52 Repayment Received