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Karoti Group
In this Group: Mary, Said, Mbaraka, Agnes, Anna, Asia, Dafrosa, Magreth, Pendo, Mwanahamis, Eliewaja
Mary, who is in her late thirties, is married and the mother of three children, two boys and one girl. All of her children attend school, while she earns a living running a general store where she sells a wide range of items. She has been in business since 2007 and works from 6:30 a.m. to 10 p.m. daily to make a fair monthly profit.

She is requesting her eighth loan from Tujijenge Tanzania. She used the previous loans to buy chairs for her store, additional items to sell to her customers and to meet household expenses. She has repaid all of these loans successfully and is requesting a new loan to buy more items to sell to her customers. Her dream is to one day be able to open a big hardware business.

She will share this loan with her group, which is called "Karoti" and has 11 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
  • 17
    View loans »
    Tanzania Loans Fundraising
  • $14,211,425
    Funds lent in using Kiva
  • 1,570.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Karoti Group's $3,700 loan helped a member to buy more items to sell to her customers.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013