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Venezuela Group
In this Group: Judith, Rebeca, Omary, James, Flora, Eliza, Aranyaeli, Asha, Catheline, Magreth, Veronica, Hamisi, Mashaka, Amosi, Florah, Eva
Judith, who is in her early 30s, is married and has a son and a daughter who go to school. She has been selling soft drinks, groundnuts and cake of different types since 2005. She works from 6 a.m. to 4 p.m. daily and she is able to make a good monthly profit.

She requested a fourth loan from Tujijenge Tanzania. She used the previous loans to buy a business freezer, a machine used for processing groundnuts, and ice-cream equipment, and she has paid back all her loans successfully.

She hopes for a loan to open her new soft-drinks business. Judith's dream is to one day be able to open her own company to supply soft drinks and related items.

She will share this loan with her loan group, "Venezuela," which totals 16 members who 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
  • 16
    View loans »
    Tanzania Loans Fundraising
  • $14,211,425
    Funds lent in using Kiva
  • 1,573.2
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Venezuela Group's $4,775 loan helped a member to open her new soft drinks business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 3, 2012
Listed
Sep 7, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013