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Magreth's Azimio Group
In this Group: Magreth, Oliva
Magreth is 35 years old and is a divorced woman with 2 children, ages 16 and 12. She also take care of 1 other person, age 60. Magreth has owned a small restaurant and has been a charcoal seller since 1998. Everyday, she works from 6.30am to 3pm at her business and can earn a monthly profit of about $125 from her sales.


She now hopes for a loan to buy more food items for her business. She will share this loan with her subgroup member Oliva, who owns a general store.

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
  • 20
    View loans »
    Tanzania Loans Fundraising
  • $14,473,050
    Funds lent in using Kiva
  • 1,233.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Magreth's Azimio Group's $300 loan helped a member to buy more charcoal and more restaurants items for her business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 23, 2008
Listed
May 8, 2008
Currency Exchange Loss:
Covered
Ended:
May 1, 2009