This will be Yahaya's 5th loan from Tujijenge Tanzania. He used the previous loans to buy spares parts for his welding business and to pay school fees for his children. He has paid back all his loans successfully. Yahaya is requesting another loan to buy more materials for the welding business. His dream is to one day finish building his house, which he has already started.
Yahaya will share this loan with his loan group ,"Nyeupe", which has a total of 15 members who will hold each other accountable for paying back their loans.
In the picture, Yahaya is 3rd from right in the back row.
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