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Usalama Wa Pesa Group
In this Group: Selemani, Bakari, Tadei, Mohamed, Maimuna, Sada, Aruna, Fukirini
Selamani M. K.. Bakari A. Wahura, Tadei M. M., Mohamedi M. Kidili, Maimuma J. K., Sada K., Aruna N. and Fukirini R. are members of the Usalama wa Pesa group, in Vingunguti market in Dar Es Salaam city. Their businesses are located in Vingunguti municipal market and include fruit and vegetable sales, kiosks, small restaurants, and shops. They are jointly in need of US$ 3200, or US$ 400 each, to help them boost their businesses.

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
  • 19
    View loans »
    Tanzania Loans Fundraising
  • $14,473,050
    Funds lent in using Kiva
  • 1,140.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Usalama Wa Pesa Group's $3,200 loan helped a member expand their various businesses.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 26, 2008
Listed
Jan 12, 2008
Currency Exchange Loss:
Covered
Ended:
Jan 7, 2009