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Songa Group
In this Group: Basil, Kulthum, Salma, Salum, Mary, Helena, Zuena, Shida, Jamali, Azora
Basil is a single man who is in his late 20s. He has been running a telephone money transfer (Tigo Pesa, M-pesa) and game play station business. He has had this business for only six months. He works from 10:00 a.m. to 8:00 p.m. daily and is able to earn a fair profit per month.

He has requested his first loan from Tujijenge Tanzania which he expects to increase telephone money transfers so as to provide this service to more customers. His dream is to one day be able to run a car spare parts business.

He will share this loan with his loan group, Songa, which totals 10 members. The members of the group 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

  • $1,900
    Average annual income
  • 39
    View loans »
    Tanzania Loans Fundraising
  • $14,787,550
    Funds lent in using Kiva
  • 1,583.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Songa Group's $2,325 loan helped a member to increase purchase of telephone credit.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2012
Listed
Nov 5, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013