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Sichana's Mtegemee Mola Group
In this Group: Sichana, Mwanaisha, Fatma, Asha, Amina, Mariam
Sichana, age 31, is a single mother with two children, ages 16 and 12. Three years ago, Sichana began her business of selling snacks, such as wheat porridge and breads, in order to make a living. She works from 7am to 3pm daily and is able to make a monthly profit of about $25.

Sichana hopes for a loan to purchase more food items for to make more snacks. She will share this loan with her subgroup, whose members belong to group Mtegemee Mola. These members guarantee one another to pay back loans.

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

  • $1,900
    Average annual income
  • 42
    View loans »
    Tanzania Loans Fundraising
  • $14,902,975
    Funds lent in using Kiva
  • 1,228.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Sichana's Mtegemee Mola Group's $1,000 loan helped a member to buy more food items for her snacks shop.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 17, 2008
Listed
May 29, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 22, 2010