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Venezuela Group
In this Group: Aranyael, Catherine, Asha, Hamis, Amos, Florah, Judith, Magreth, James, Merina, Veronica
Aranyael, who is in his early 40s, is married with four children (a boy and girls) who are in school. For a period of 20 years now, he has been running cargo transportation activities. He is doing well in his business; he works from 6 a.m. to 6 p.m. daily and is able to earn a good profit per month.

This will be his 10th loan from Tujijenge Tanzania. He has used the previous loans to buy a three-wheel motorcycle for transporting passengers, started building his family house, paid school fees and covered home expenses. He has paid back all his loans successfully. He will use this loan to open a broiler selling business. His dream is to become a good father who provides his children with a better quality education, as well as to manage to expand his business.

He will share this loan with his loan group, "VENEZUELA," which totals 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
  • 37
    View loans »
    Tanzania Loans Fundraising
  • $14,311,200
    Funds lent in using Kiva
  • 1,615.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Venezuela Group's $3,200 loan helped a member to open a broiler selling business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2013
Listed
Feb 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013