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Mti-Pesa Group
In this Group: Nickson, Fatuma, Idrisa, Sara , Nuru, Devotha, Ezekiel, Swaumu, Fatuma, Eliaika, Said , Ally, Yusufu, Halima, Rashid*
* not pictured
Nickson, who is in his late 30s, is marrried with three children, two of whom go to school. He has been selling domestic tools, such as cups, glasses, and plates, for nine years now. He works from 10:00 am to 4:00 pm daily and is able to make a good monthly profit.

This will be Nickson's 3rd loan from Tujijenge Tanzania. He used the prevous loans to restock items and for household expenses and has paid back all his loans successfully. He wants a loan to buy more domestic tools for resale. His dream is to be able to open a shop for his business one day.

Nickson will share this loan with his loan group, Mti-Pesa, which has a total of 15 members who will hold each other accountable for 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

  • $1,900
    Average annual income
  • 42
    View loans »
    Tanzania Loans Fundraising
  • $14,807,750
    Funds lent in using Kiva
  • 1,577.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Mti-Pesa Group's $3,175 loan helped a member to buy more domestic tools for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2012
Listed
May 17, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012