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Lucy's Garden Group
In this Group: Lucy, Avelina, Christina, Sabrina, Mwajuma, Hilda
Lucy, age 48, is the single parent of 3 children (ages 18, 20 and 22). She runs a nursery school for small children, which she started in July 1998. She works managing the school from 7:30am to 5pm daily. This business brings her a monthly profit of about $70. She has a dream of starting a primary school one day.


In the past, Lucy took out a loan to buy aluminum for the roof of the school. Having paid this loan back successfully, she now hopes for a new loan to increase her school's services. She will share this loan with her subgroup, who have businesses dealing in food, clothing, and timber sales.

Additional Information

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
  • 16
    View loans »
    Tanzania Loans Fundraising
  • $14,466,375
    Funds lent in using Kiva
  • 1,165.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Lucy's Garden Group's $1,350 loan helped a member to expand businesses.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 24, 2008
Listed
Jan 10, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2008