This will be her 2nd motisha loan from Tujijenge Tanzania. A motisha loan is a product offered by Tujijenge Tanzania, given in the middle of the main loan term, that motivates borrowers with good credit ratings who pay back their loans smoothly, to receive half of the amount of the existing loan before their original loan term has ended. She used the previous loan to increase inventory levels for items she was running low on at the shop and has paid back her loan successfully. She wants a loan to increase her retail shop inventory. Her dream is to be able to own a beauty salon one day.
She will share this loan with her loan group "Fenesi" which has a total of 9 members who will hold each other accountable for paying back 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