This will be Simoni ’s third loan from Tujijenge Tanzania. He used the previous loans to develop his skills and his business -- for example, he completed driving lessons and he increased his fish stock. He has successfully paid back his loans.
Simoni hopes for a loan to further increase his fish stock. His dream is to buy more fish, twice each day. For now he is making just one buying trip every day.
Simoni is happy with his loans because his business is doing very well. He can even send his little child to a good school now.
Simoni will share this loan with his loan group Tutafika, which totals 19 members. The members of the group hold each other accountable for paying back the loan.
In the picture, Simoni is first on the left front.
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