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Mclaren Group
In this Group: Yasinta, Joyce, Magdalena, Calister, Beatrice, N Davis, Cecilia, Erica, Rehema, Ferdiana, John
Yasinta is in her late 30’s. She is married and has three children who still attend school. She has operated a business, making and selling shoes since 1992. She works from 7:00 AM to 9:00 PM daily and is able to make a small monthly profit.

This will be her 32nd loan from Tujijenge Tanzania. She used the previous loans to buy necessary materials, pay school fees and cover household expenses. She has successfully repaid all of her loans. She now hopes to obtain a loan to buy more materials for making shoes to sell. Her dream is to one day be able to build her own house.

Yasinta will share this loan with her loan group, which is called Mclaren. The Mclaren Group 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
  • 35
    View loans »
    Tanzania Loans Fundraising
  • $14,522,875
    Funds lent in using Kiva
  • 1,595.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Mclaren Group's $5,625 loan helped a member to buy materials for making shoes to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013