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Ziada's Hatuyumbi Group
In this Group: Ziada, Bimkubwa, Salma, Mariam, Semen
Ziada A. is 31 years old and is married. Ziada started her business of selling sarongs and bread in 2007. Every day, she works from 7am to 6pm at her business and can earn a monthly profit of about $40 from her sales.

Ziada has taken and repaid one successful loan from BRAC Tanzania to expand her business. She now hopes for another loan to buy more sarongs and bread to sell. She will share this loan with her subgroup members, 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 mutuA. 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

  • $1,900
    Average annual income
  • 41
    View loans »
    Tanzania Loans Fundraising
  • $14,902,975
    Funds lent in using Kiva
  • 1,174.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Ziada's Hatuyumbi Group's $875 loan helped a member to buy more bread and sarongs to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 3, 2008
Listed
Jul 27, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 22, 2010