Helena is in her late 40s, married and the mother of four children, two of whom are grown while the other two are still in school. She earns a living by running several businesses, including selling bricks, food and water from big trucks. She has been in business since 2005, works from 5:00 a.m. to 10:00 p.m. daily and earns a very good monthly profit. She is requesting her eighth loan from Tujijenge Tanzania. She used her previous loans to start her business, pay school fees, buy a plot of land, built a small house, and buy a TV set. She has repaid all of her loans successfully, and plans to use this new one to buy more bricks to resell, increase the amount of food she has to sell and pay school fees. Her dream is to one day be able to build another house. She will share this loan with her group, "Mbinga," which has 10 members who will hold each other accountable for paying back this loan.
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.
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.