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Saranga Group
In this Group: Mahamudu, Tatuma, Dawess, Sala*, Florah, Luciana, Marisela, Rehema F., Rose Y.
* not pictured
Mahamudu is 25 years old and single. He has been running a small stand selling second-hand clothes and shoes since 2008. He works from 7:30 am until 7 pm six days a week and earns about $200 a month in profits. Mahamudu dreams of expanding his business, and he will use this loan to increase his stock by purchasing additional styles and sizes of clothes and shoes.

This will be Mahamudu’s first Motisha loan from Tujijenge Tanzania. A Motisha loan is a product offered by Tujijenge Tanzania 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. Mahamudu is a member of the Saranga Group. The members of the group will hold each other accountable in paying back the loan. Mahamudu is the only man in the group and can be seen in the back row wearing a hat.

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
  • 34
    View loans »
    Tanzania Loans Fundraising
  • $14,511,225
    Funds lent in using Kiva
  • 1,401.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Saranga Group's $1,300 loan helped a member to increase his second hand clothes and shoes.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2010
Listed
May 12, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2011