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Veronica's Tumaini. Group
In this Group: Veronica, Tatu, Rehema, Shamsia, Fatuma
Veronica is a married woman with 3 children, ages 12, 6 and 2 ½. She owns a small charcoal store, which she started in 2001, and is a batique designer. She works everyday from 8 a.m. to 4 p.m. at her business and can earn a monthly profit of about $290 from her sales.

She now hopes for a loan of $725 to buy more items for her business. She will share this loan with her subgroup members, who have businesses dealing in cloth selling, chicken keeping and wholesaling.

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
  • 41
    View loans »
    Tanzania Loans Fundraising
  • $14,890,625
    Funds lent in using Kiva
  • 1,172.9
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Veronica's Tumaini. Group's $725 loan helped a member to buy more charcoal for her business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Apr 6, 2008
Mar 22, 2008
Currency Exchange Loss:
Mar 31, 2009