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Vip Vip Group
In this Group: Julius, Neema, Mwita, Selemani, Mustapha, Aziza, Prisca, Fatuma, Fredrick, Erick, Justine, Elfas, Yohana
Julius, who is in his late 20s, is single. For a period of two years now, Julius has had a shop business selling foods of different kinds. He is doing fine in this field and his family is as well. He works from 5 am to 11 pm daily and is able to make a fair profit per month.

This is Julius's third loan request from Tujijenge Tanzania. With the previous loans, all of which were paid back successfully, he managed to restock more different food items in his business. With the profit earned, he will proceed with building his house. He will use this loan to increase the shop inventory, this will help him to reach more customers and increase more incomes. Julius's dream is to finish building his home.

He will share this loan with his loan group " VIP VIP " which has 13 members. The members of the group 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
  • 14
    View loans »
    Tanzania Loans Fundraising
  • $14,466,375
    Funds lent in using Kiva
  • 1,621.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Vip Vip Group's $2,750 loan helped a member to increase his shop's inventory.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2013
Listed
Apr 18, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013