Subgroup B Of Group Sungura
Juma is the leader of Subgroup B of Group “Sungura” (Swahili for “rabbit”), which totals 31 members. He will be sharing this loan with his subgroup members Flora L. (selling soft drinks), Fatuma J. (selling chickens), Mary K. (selling charcoal), and Marietha M. (tailoring). Juma, as the government executive officer of his street, knows each of his subgroup members and their businesses personally since they all work and live in the same neighborhood. He and his subgroup have taken out 3 previous loans from Tujijenge Tanzania to enhance their businesses and were able to pay each back successfully.
Juma used the previous loans to buy more radio spare parts for his shop, as well as to pay for general home expenses such as his children’s school fees. He hopes to use the new loan to purchase more radio spare parts and thus increase his business.
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