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Nyerere Group
In this Group: Richard, Amer, Abeid, Chausiku, Lona, Mwajuma, Shehe, Rukia, Samson, Mkubwa, Fatuma
Richard M., who is in his late twenties, is married with three children. He has a business of selling fish (lobster). He is been in this business for 10 years. His business is open from 8.00 am to 9.00 pm daily and is able to make a fair monthly profit.

This will be Richard's 5th Motisha loan from 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. He has paid back his loans successfully. He hopes to obtain a loan to finish paying back the outstanding debt on the machine for his boat.

Richard will share his loan with his loan group, "Nyerere" which has a total of 11 members. The members of the group will hold each other accountable in paying back their loans.

In the picture, Richard is behind, 3rd from right back row.

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
  • 44
    View loans »
    Tanzania Loans Fundraising
  • $14,502,950
    Funds lent in using Kiva
  • 1,505.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Nyerere Group's $2,925 loan helped a member to finish paying back the outstanding debt on the machine for the boat.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2011
Listed
Mar 25, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 22, 2011