Upendo started her own cafe business selling food, 4 years ago. She works 3 hours a day and earns a monthly profit of approximately 280,000 Tanzania Shillings.
This is Upendo’s first loan from BRAC Tanzania. She has requested 350,000 Tsh in order to buy more rice, wheat, etc. With the additional profit she gains from the use of this loan, Upendo hopes to save money and expand her business.
Rehema, another member of the Tushikamane borrower group, has also requested 350,000 Tsh in order to support her own cafe business.
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.
37View loans »
Success!! The loan was 100% repaid