This will be Masali's 2nd motisha loan from Tujijenge Tanzania. A motisha loan is a product offered by Tujijenge Tanzania that allows borrowers with good credit ratings to repay their original loans faster and receive extra money before their original loan term has ended. Masali used the previous loan to increase his phone stock and has repaid it successfully. He hopes for a loan to buy more mobile phones and phone accessories to sell. His dream is to one day own a big shop where he will have a big stock of phones.
Masali will share this loan with his group "Green", consisting of 7 members, who will hold each other accountable in repaying their loans.
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
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Success!! The loan was 100% repaid