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Farida's Kitomondo C Group
In this Group: Farida, Laitun
Farida is married and has three children, ages 17, 13, and 7. She runs a business selling clothes, which she started a year and a half ago. She works from 7am to 8:30pm daily selling clothes.


In the past, Farida took out a loan to increase her inventory. Having paid this back successfully, she now hopes for a new loan for the same purpose. She will share this loan with Farida, who sells rice.

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
  • 21
    View loans »
    Tanzania Loans Fundraising
  • $14,354,950
    Funds lent in using Kiva
  • 1,149.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Farida's Kitomondo C Group's $450 loan helped a member to buy clothing.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 3, 2008
Listed
Jan 19, 2008
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2009