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Karume Group
In this Group: Mohamed, Abubakari, Nasma, Isack, Lusia, Sada, Mariam, Mtumwa, Mwanahamis, Salima, Amina, Sikujua
Mohamed, who is in his early 40s, is married and has no children. He has been selling chicken (broilers) for five years now. He works from 4pm up to 10pm daily and he is able to make a fair monthly profit.

This will be his 12th loans from Tujijenge Tanzania. He used the previous loans to buy more chickens because his business was on shaky ground, he paid rent and has paid back all his loans successfully. He hopes for a loan to buy more chickens. His dream is to one day be able to build his own house.

He will share this loan with his loan group "Karume" which totals 12 members who will hold each other accountable for paying back the loans.

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
  • 128
    View loans »
    Tanzania Loans Fundraising
  • $14,502,950
    Funds lent in using Kiva
  • 1,571.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Karume Group's $2,125 loan helped a member to buy more chickens.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2012
Listed
Sep 3, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013