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Malumbo Group
In this Group: Kurwa , Javestime, Sada, Doroth, Monica, Habiba
Kurwa S., 44, is married with 3 children ages 20, 18 and 12, all of whom go to school. Kurwa also supports his brother in law who is 14 years old and goes to school. He has had a Genge Duka (kiwahili fruits, vegetables, rice, sugar, wheat flour, etc) and a men's salon business since 1999. He works from 6 a.m. to 6 p.m. daily and he is able to make a monthly profit of about $645.

This will be Kulwa’s first Motisha loan (a loan given to clients who pay their dues on time and in full) from Tujijenge Tanzania. He wants to get a loan to increase stock in the Genge Duka. He hopes that when he makes a good profit and has enough savings, he will be able to pay school fees; he also dreams of building his own house.

Kulwa will share this loan with his loan group Malumbo, which totals 6 members. The members of the group will hold each other accountable in paying back the loan.

In the picture, Kulwa is the only man.

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
  • 25
    View loans »
    Tanzania Loans Fundraising
  • $14,358,325
    Funds lent in using Kiva
  • 1,465.1
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Malumbo Group's $1,500 loan helped a member increasing store inventory.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 16, 2010
Listed
Jun 21, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010