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Mt Meru Group
In this Group: Janeth, Ally, Adinan, Sabina, Mwasiti, Emmanuel, Hamis, Yusuph, Haseed, Abdalah, Rose
Janeth, who is in her mid-30s, is single with two kids (a boy and a girl) who are both in school. She has had a grocery business selling soft drinks, water, beer and spirits. She has been in this field for a period of four years and through this work Janeth is able to cover all her family's basic needs together with school fees. She works from 3 p.m. to midnight daily and she is able to make a good profit every month.

This is Janeth's 17th loan request from Tujijenge Tanzania. With the previous loans, all of which she paid back successfully, she managed to purchase more business stock and opened a new business branch in another place. With the profit received, she paid home expenses and school fees for her kids together while also reinvesting back into her project. She plans to expand her business. She will use this loan to restock more drinks with new brands. She dreams to build a nice house .

She will share this loan with her loan group, Mt Meru, which totals 11 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
  • $14,211,425
    Funds lent in using Kiva
  • 1,624.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Mt Meru Group's $4,225 loan helped a member to restock drinks and expand her selections.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2013
Listed
Apr 20, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013