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Lotus Group
In this Group: Jacob, Helena, Lute, Salma, Pricila, Salma, Stella, Hamed, Bahati*, Amina, Hawa, Peter, Zuhura, Nuni, Anna, Patrick, Sarafina, Andrea
* not pictured
Jacob M., aged 35, is single with one son of 5 years. He has had a table top business, selling vegetables and fruit, for four years now. He works from 6 am to 9 pm daily and he is able to earn a monthly profit of about $75.

This will be Jacob’s first loan from Tujijenge Tanzania. He wants to increase his capital so that he can buy more vegetables and fruit.

Jacob will share this loan with his group Lotus. The group has 18 members. They will hold each other accountable in paying back their loans. In the picture Jacob is seated in front, first on the left.

Additional Information

About Tujijenge Tanzania

This loan is administered by Tujijenge Tanzania, which was founded in 2006. It has operations in Dar es Salaam, the coastal region, and the Lake Victoria region. The organization aims to reach out to micro entrepreneurs and provide them with financial and social intermediation services because capital is one of the major barriers to development and success for micro-enterprise initiatives in Tanzania.

For more information on Tujijenge Tanzania, please visit its partner page, or join its lending team.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Tanzania

  • $1,700
    Average annual income
  • 23
    View loans »
    Tanzania Loans Fundraising
  • $14,254,650
    Funds lent in using Kiva
  • 1,330.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Lotus Group's $2,975 loan helped a member to increase capital to buy more fruit and vegetables.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2009
Listed
May 7, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009