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Petnonela's Mwangaza Group
In this Group: Petnonela, Suwa
Petnonela, age 35, is a widow and takes care of her 3 children (ages 10, 8, and 4). She owns a shop, where she sells general items. She started this business in 2006 and now makes a monthly profit of about $110 from her sales. She works from 6am to 7pm daily.

Petnonela took out a previous loan to buy items for her shop. She now hopes to do this again. She will share the loan with Suwa, a member in her loan group, who has a charcoal store.

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
  • 25
    View loans »
    Tanzania Loans Fundraising
  • $14,316,250
    Funds lent in using Kiva
  • 1,140.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Petnonela's Mwangaza Group's $625 loan helped a member to buy more inventory for her general store.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 6, 2008
Listed
Jan 23, 2008
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2009