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Flamingo Group
In this Group: Mohamed, Digna, Neema, Ziada, Farida, Susana, Bonitha, Zainabu, Marymediatrk, Veronica
MOHAMED has been running an electronics shop selling electronics spare parts for a period of three years now. He is also an electrician. He is a single man aged mid-20s with a son who is still young. He is doing fine in this field and his family is as well. He works from 8am to 8pm daily and is able to make a good profit per month.

This will be his second loan request from Tujijenge Tanzania. He used the previous loan to restock more TVs spare parts. With the returns earned he covered household expenses together with reinvesting back into the business . He will use this loan to restock more electronics spare parts for his shop. He dreams of expanding his business.

He will share this loan with his loan group " FLAMINGO " 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
  • 37
    View loans »
    Tanzania Loans Fundraising
  • $14,890,150
    Funds lent in using Kiva
  • 1,623.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Flamingo Group's $3,350 loan helped a member to restock more electronics spare parts for his shop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2013
Listed
Apr 29, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013