Mt. Elgon Group
Evelyn has had her own business since August of last year where she sells clothing, bags, shoes, and "vitenge" (bright patterned fabric that is worn by many Tanzanian women as wraps or taken to tailors to be made into two-piece dresses). Evelyn's shop is open every day from 9 a.m. until 6 p.m. She makes a profit of about 250,000 Tanzanian shillings (approximately $190) a month.
This is Evelyn’s first loan from Tujijenge. She hopes to use it to increase the stock of her business. In the photo, Evelyn is sitting in the middle of the front row wearing a white shirt and is pictured with the other members of her loan group.
The members of this group are receiving this loan as a "motisha" loan, which is a new loan product offered by Tujijenge that allows borrowers with good credit ratings to pay back their original loans faster and receive extra money before their original loan term has ended. The members of Mt. Elgon group are thankful for your support!
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