Anna, who is in her early 30s, is married with two children who still go to school. She has been running two business, a grocery store and a game station, for five years now. She works from 5pm to 12pm daily and she is able to make a good monthly profit.
She is requesting her 13th loan from Tujijenge Tanzania. She used the previous loans to buy a freezer for the grocery business, two TVs, and DVDs for the game station and she has paid back all her loans successfully.
She hopes to receive the loan which she will use to buy stock for her new food shop. Her dream is to one day be able to own a car.
She will share this loan with her loan group "Kwale" which totals 17 members who will hold each other accountable for paying back the loan.
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.
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.