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Vestline Group
In this Group: Selemani, Angela, Juma, Fadhili, Saimon, Ernest, John, Daud, Khadija, Melkiory, Furaha, Mohamed, Obedi, Mariamu, Mchuya
SELEMANI,who is in his early 60s,is married living together with his wife with six children of which one of them goes to school. For the period of ten years now, Mr. Selemani has been earning the living by running genge (fruits and vegetable) business. He is really hard working and it shows. He works from 4am( night) to 10pm daily and he is able to make a small profit per month.

This will be his first loan from Tujijenge Tanzania which he wants to use to buy more genge stocks to resell so as to rise his sales and income. His dream is to one day be able to expand more his business.

He will share this loan with his loan group "VESTLINE" which totals 15 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
  • $14,890,625
    Funds lent in using Kiva
  • 1,602.3
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Vestline Group's $3,075 loan helped a member to buy more genge stocks to resell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013