Subgroup A Of Group Sungura
Moses is the leader of Subgroup A of Group Sungura (Swahili for “Rabbit”), which totals 31 members. He will be sharing this loan with subgroup members: Moi M. (tailoring business), Ester J. (sells soft drinks), Agness Z. (food business), and Ibrahimu M. (sells used clothing). Moses knows each of his subgroup members personally since they all live and work near each other. He and his subgroup have taken 3 previous loans from Tujijenge Tanzania to enhance their businesses and were able to pay them back successfully.
Moses used the previous loans on his business and also to purchase a plot of land. With the new loan, he hopes to open a tailoring business for his son.
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