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Prado Group
In this Group: Alexander, Karuma, Monica, Hawa, Samweli, Benadeta, Mary, Grace, Paulo, Kiza, Christina, Scola, Radegunda, Isael, Steven, Joyce
Alexander, who is in his early 30s, is married with two young children. He has been running a retail shop for four years. He works from 7.00 am to 9.00 pm daily and is able to make a small monthly profit.

This will be his 3rd loan from Tujijenge Tanzania. He used the previous loans to increase the shop's stock and for household expenses and has paid back his loans successfully. He wants a loan to increase inventory and also to start building his house. His dream is to one day be able to expand his shop.

He will share this loan with his loan group "Prado" which has 16 members who will hold each other accountable in paying back their loans.

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.

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
  • 12
    View loans »
    Tanzania Loans Fundraising
  • $14,099,350
    Funds lent in using Kiva
  • 1,624.3
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Prado Group's $3,725 loan helped a member to increase his shop's stock and also to start building a house.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 8, 2011
Listed
Dec 13, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2012