Check out some available loans that are similar to this one!
Mkwalia Group
In this Group: Shukuru A., Mohamed, Ally, Jumbe , Mamemo*, Ally
* not pictured
Shukuru Ally, in his early thirties, is married and has two children. Three years ago, Shukuru started a food shop which he operates from 6:30 a.m. to 9:00 p.m. daily, earning him a stable monthly profit.



This will be Shukuru's second Motisha loan with 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. Shukuru's previous loan, which he has since repaid, was used to increase his business capital. He plans to use this loan to begin selling fruits and vegetables in his shop.



Shukuru will share this loan with his loan group Mkwalia, which totals six members. The members of the group will hold each other accountable for repaying the loans.



In the picture, Shukuru is on the far left.

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
  • 8
    View loans »
    Tanzania Loans Fundraising
  • $14,096,650
    Funds lent in using Kiva
  • 1,505.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Mkwalia Group's $1,500 loan helped a member to begin selling fruits and vegetables in his shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2010
Listed
Oct 14, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011