Upendo is in her early 40s and is married with a boy and three girls, all of whom are in school. Since 2009, Upendo has been running a dairy business and she has her own milk cows. Her business is doing well and she optimistic that it will succeed. Her previous business, selling fabrics, did not do well. Upendo works every day from nine in the morning until six at night and is able to make a fair profit each month. She will share her loan with her loan group "Uvumilivu," which has ten members who will hold each other accountable for repaying the loan.
Upendo will use her portion of the loan to buy a cow. This will be her 20th loan request from Tujijenge Tanzania. She successfully repaid her previous loans and has been able to start her dairy business, cover her household expenses, and pay school fees for her children. Upendo dreams of one day owning a nice family car.
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.