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Lotus Group
In this Group: Gerald, Ahadi, Theresia, Mwanne, Hawa, David, Prisila, Yusuph, Bahati, Sikudhani, Neema
Gerald is in his early 30s. He is married with three children, one of which is still going to school. He has been running a radio retail shop for about two years now. He is really hardworking. He works from 11 a.m. to 8 p.m., and he is able to make a good monthly profit.

This will be his 10th loan from Tujijenge Tanzania. He used the previous loan to build a small house in his village, buy a sofa set, and a TV and has paid back his loan successfully. He hopes for a loan to buy more radios to sell. Gerald's dream is to one day be an international businessman.

He will share this loan with his loan group, Lotus, which totals 11 members. The members of the group will hold each other accountable for paying back the loan.

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

  • $1,700
    Average annual income
  • 43
    View loans »
    Tanzania Loans Fundraising
  • $14,120,525
    Funds lent in using Kiva
  • 1,576.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Lotus Group's $2,050 loan helped a member to buy more radios to sell.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2012
Listed
Aug 14, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012