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Compressor Group
In this Group: Magreth, Catherine, Zaitun, Khadija, Scola, Gaudincia, Zainabu, Anna, Nasra, Sarah
Magreth, who is in her late 30s, is married with three school-going children. She has been running a charcoal business for eight years now. She works from 8 a.m. to 7 p.m. daily and is able to earn a very good monthly profit.

This will be Magreth's eleventh loan from Tujijenge Tanzania. She used the previous loans to buy a plot, TV set, radio, fridge and sofa set as well as to cover household expenses and increase her charcoal stock. She has paid all her loans successfully. She is requesting a loan to buy more sacks of charcoal to resell. Her dream is to one day be able to build her own house.

Magreth will share this loan with her loan group, "COMPRESSOR," which has a total of 10 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

  • $1,900
    Average annual income
  • 46
    View loans »
    Tanzania Loans Fundraising
  • $14,804,550
    Funds lent in using Kiva
  • 1,578.3
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Compressor Group's $5,300 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:
Jan 9, 2013
Listed
Jan 15, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013