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Mtaji Wa Masikini Group
In this Group: Baraka, Nicholaus, Masumbuko, Seleman, Aloyce, Alquine, Aidan, Selemani, Joseph
Baraka, who is in his mid 30's, is a married father of four children, only two of whom are old enough to attend school. He has been running his charcoal business since 2006. Working from 7 a.m. to 7 p.m. daily, he is able to make a very good monthly profit.



Now requesting his 11th loan from Tujijenge Tanzania to buy more sacks of charcoal to resell, Baraka used his previous loans, all since repaid, to build a house, buy a TV, a radio, a plot of land, and a computer, and to meet household expenses. His dream is to one day improve his business by buying even more sacks of charcoal.



Baraka will share this loan with his loan group "Mtaji wa Masikini" which has a total of nine members. The members of the group will hold each other accountable for paying back their 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
  • 35
    View loans »
    Tanzania Loans Fundraising
  • $14,652,650
    Funds lent in using Kiva
  • 1,582.2
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Mtaji Wa Masikini Group's $3,675 loan helped a member to buy more sacks of charcoal to resell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013