Bahati has owned and operated her own video library in the Mbezi area of Dar es Salaam for two years with no one assisting her. The video shop, where she rents and sells music and movies, is open from 8 a.m. till 6 p.m. daily. She has a mix of Tanzanian, Indian, and American films. You can rent a movie for two days for 1,000 Tanzanian shillings, or about .75 cents US. To buy a movie costs 3,500 shillings, or about $2.60.
This will be Bahati's second loan from Tujijenge. She will use it to increase her stock of CDs and DVDs. In the photo, Bahati is wearing a yellow shirt and resting her chin on her hand. She is sitting with all the members of her loan group.
About Tujijenge TanzaniaThis 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.
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Success!! The loan was 100% repaid