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Tumiani Group
In this Group: Kumutu, Charles, Shukuru, Issa Mbimde, James
The Tumiani Group is a group of male entrepreneurs in the Buguruni area of Dar es Salaam. Kamutu B. is the leader of the group, and he runs a tea cafe that sells beverages and common Tanzanian snack food. The group is requesting a loan to help fund their businesses.



Note: YOSEFO utilizes a group lending method. Clients receive individual loans for their respective businesses as a part of a larger group. The group method provides solidarity for lenders and increases repayment rate.

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

  • $1,900
    Average annual income
  • 38
    View loans »
    Tanzania Loans Fundraising
  • $14,888,125
    Funds lent in using Kiva
  • 1,153.8
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Tumiani Group's $1,925 loan helped a member fund business expansion.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 8, 2008
Listed
Feb 19, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009