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Mclaren Group
In this Group: Davis N, Yasinta, Magdalena, Calister, Beatrice, Cecilia, Erica, Rehema, Ferdiana, John
Davis, who is in his mid 50s is married with six children who still go to school. He has been running a general store for fifteen years now. He works from 7.00 am to 8.00 pm daily and is able to make a good monthly profit.

This will be Davis's sixth loan from Tujijenge Tanzania. He used the previous loans to restock on missing items in his store and started an electronic money transfer (M-pesa and Tigo Pesa) business. He is very hard working. He has managed to pay back all his loans successfully, and has been using his profits to pay school fees, build his house and cover household expenses.

Davis will use this loan to increase the inventory of his general store and to make more electronic money transfers. His dream is to one day be able to build another house to rent.

Davis will share this loan with his loan group "Mclaren" with ten 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
  • 8
    View loans »
    Tanzania Loans Fundraising
  • $14,096,650
    Funds lent in using Kiva
  • 1,618.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Mclaren Group's $5,450 loan helped a member to increase the inventory of his general store and to make more electronic money transfers.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2013
Listed
Apr 11, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013