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Mona's Wapendanao Group
In this Group: Mona, Zainabu
Mona is 38 years old, married, with four children, ages 22,19,13 and 7. She and her husband also take care of two other children, ages 19 and 4. Mona owns a small grocery store that she started in 2001. Everyday, she works from 6am to 6pm at her business and she can earn a monthly profit of about $250 from her sales.


She now hopes for a loan to buy more grocery items for her business. She will share this loan with her subgroup member Zainabu, who has a business in charcoal sales.

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
  • 19
    View loans »
    Tanzania Loans Fundraising
  • $14,347,475
    Funds lent in using Kiva
  • 1,228.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Mona's Wapendanao Group's $550 loan helped a member to buy more grocery items for her businesss.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 20, 2008
Listed
May 29, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 22, 2010