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Baloon Group
In this Group: Mohamed, Seif, Ashura, Hadija*, Mary, Teresia, Esther, Hamis, Amina, Asha, Aziza, Teddy, Mariam, Lucy, Pili, Halid, Esther, Sharifa
* not pictured
M. is in his late 20s, is single with one small child. For the past two years, he has been a fishmonger. He works from 8:00 in the morning until 10:00 at night and is able to earn a fair monthly profit.

This will be M.'s seventh loan from Tujijenge Tanzania. He has used his previous loans to increase his sales, start selling chips, and also to buy a motorcycle. He has successfully repaid all of his loans.

M. will share this loan with his loan group. The group is called “Baloon” and has 18 members who will hold each other accountable for paying back their loans.

He will use his portion of this group loan to buy more fish and chips to sell. In the future, his dream is to buy a tricycle (bajaji).

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
  • 35
    View loans »
    Tanzania Loans Fundraising
  • $14,312,325
    Funds lent in using Kiva
  • 1,534.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Baloon Group's $5,000 loan helped a member to buy more fish and chips to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2011
Listed
Jun 8, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011