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Asha's Jitihad Group
In this Group: Asha, Zainabu, Mkasi, Maulid
Asha is 32 years old and is married. Asha started her small charcoal business in 2007. Every day, she works from 6am to 6pm selling charcoal and can earn a monthly profit of about $25 from her sales.


In the past, Asha has taken out 1 successful loan from BRAC Tanzania to expand her business. She now hopes for a loan to buy more charcoal for her business. She will share this loan with her subgroup members Zainabu, Mkasi, and Maulid, who also have small businesses.

This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her own business. The members mutually guarantee one another's loans. If one member does not repay, the other members are responsible.

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

  • $1,700
    Average annual income
  • 19
    View loans »
    Tanzania Loans Fundraising
  • $14,347,475
    Funds lent in using Kiva
  • 1,174.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Asha's Jitihad Group's $525 loan helped a member to buy more charcoal to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 18, 2008
Listed
Apr 30, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 25, 2009