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Coka Group
In this Group: Said, Saida....., Stephano, Salma, Luis, Matambo, Maria, John, Aisha, Rehema, Mwajabu, Rainfrida, Aminatha, Shani, Irene, Tatu, Lucy, Nuru, Subira, Rebeca
The borrower, who is in late 60's, is married and has nine children, some of whom still attend school. He has been running a hotel and guesthouse business since 2005. He works 24 hours a day and is able to make a fair monthly profit.

This will be his third loan from Tujijenge Tanzania. He used the previous loan to pay household expenses and school fees. He wants to use this loan to modify the building by painting new colors and replacing floor tiles. His dream is to open a car show room one day.

He will share this loan with his loan group, "COKA," which has a total of 20 members who will hold each other accountable to pay 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

  • $1,900
    Average annual income
  • 37
    View loans »
    Tanzania Loans Fundraising
  • $14,899,225
    Funds lent in using Kiva
  • 1,585.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Coka Group's $4,900 loan helped a member to expand his hotel business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2012
Listed
Feb 9, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2012