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Euphrasia's Omega Group
In this Group: Euphrasia, Filipina, Tausi
Euphrasia is married woman with 3 children. She and her husband also take care of 1 other child. Euphrasia is a clothes seller, she started in 2006. Everyday, she works from 9am to 5pm at her business and can earn a monthly profit of about $25 from her sales.


She now hopes for a loan to buy more clothes for her business. She will share this loan with her subgroup members Filipina and Tausi, who have business dealing in shop and clothes sales.

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

  • $1,900
    Average annual income
  • 38
    View loans »
    Tanzania Loans Fundraising
  • $14,804,600
    Funds lent in using Kiva
  • 1,225.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Euphrasia's Omega Group's $550 loan helped a member to buy more clothes for her business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 31, 2008
Listed
May 16, 2008
Currency Exchange Loss:
Covered
Ended:
May 18, 2009