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Kakakuona Group
In this Group: Method, Witress, Vicent, Hamis, Rahel, Thobias, Jema, Frances, Farida, Anna
Method, who is in her late 20s, is married and has a boy who is in school. For a period of five years now, Method has been earning a living by running a shop, selling different food items like rice, maize flour, sugar, salt, etc. She is doing fine in this project. She works from 6:00am to 9:30pm daily and is able to make a fair profit every month.

This will be her 16th loan request from Tujijenge Tanzania. She used the previous loans to expand her business by purchasing more foods items and by increasing the amount of sugar, rice, etc. With the expansion, she gained more clients. With the profit, she managed to cover household expenses and started building a house for her family. She has paid back all her loans successfully. She will use this loan to restock food items in her shop. She wants to finish building the family's house.

She will share this loan with her loan group "Kakakuona", which totals 10 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

  • $1,900
    Average annual income
  • 40
    View loans »
    Tanzania Loans Fundraising
  • $14,787,550
    Funds lent in using Kiva
  • 1,626.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Kakakuona Group's $3,400 loan helped a member to restock food items in her shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2013
Listed
Apr 27, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013