Gift Keko Flat Group
This will be Kasimu's 10th loan from Tujijenge Tanzania. He used the previous loans to buy a plot and build a small house and to buy salon equipment, which has made the salon look attractive and have meet a high standard. He is doing really well because he can now attract more customers. He also paid school fees for his son, covered household expenses and has paid back all of his loans successfully. He hopes for a loan to repaint the salon, to buy more salon equipment and to buy a decoder. His dream is to one day be able to build more rooms on his house.
Kasimu will share this loan with his loan group "GIFT KEKO FLAT", which has 16 members who will hold each other accountable for paying back the loan.
About Tujijenge TanzaniaThis 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.
39View loans »
Success!! The loan was 100% repaid