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Waefeso Group
In this Group: Franciss, Henry, Jane, Neema, Mary, Happiness, Hussna, Mbaraka, Rose, Dainess, Mohamed, Zamda, Stella, Catherine, Blancia, Cosmas

Update on Waefeso Group

Francis is doing fine with his business. He used the previous loan to open a stationary business. He is doing fine with his family. He wants a loan to increase his stationary business. The group is doing fine because they have finished their four-month period smoothly and have come to ask for a new loan.

Previous Loan Details

The borrower, who is in his mid-30s, is married with two children who go to school. He has had a business selling soft drinks for a year and a half. He works from 9am to 6pm daily and is able to make a small monthly profit. This will be his 1st loan from Tujijenge Tanzania, which he wants to ... More from Waefeso Group's previous loan »

Additional Information

About Tujijenge Tanzania

This 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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 30
    View loans »
    Tanzania Loans Fundraising
  • $14,312,325
    Funds lent in using Kiva
  • 1,734.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Waefeso Group's $3,075 loan helped a member to increase his stationary stock.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2011
Listed
Nov 23, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2012
This photo was used before for a previous loan for Waefeso Group. It was first posted on Kiva on Jul, 2011. Learn More