Lilian, who is in her late 30s, is married with three children of her own and one orphan; all of them go to school. She has been running a Ggengeduka (meaning fruits, vegetable, sugar, rice, beans, etc., in the same shop) She works from 7.00 am to 9.00 pm daily and is able to make a goo monthly profit.
This will be her eighth loan from Tujijenge Tanzania. She used the previous loans to buy more fruits, vegetables and missing items in the dry foods, like sugar, wheat flour, beans, etc.; build a business premises; build a gate for her fence; pay schools fees; and cover household expenses. She has paid back all her loans successfully. She will use this loan to buy more fruits, vegetables, sugar, flour, beans, rice, salt and dry peas. Her dream is to one day be able to fill her shop with products because now it is big but has few products.
Lilian will share this loan with her loan group, "Mt Ulunguru," which has a total of 14 members who will hold each other accountable for paying back the loan.
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.
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.