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Wakorintho Group
In this Group: Fatuma, Ally, Nuru, Ally, Abas, Christina, Zuhura, Neema, Mariam, Abreman, Saidi, Saidi
Fatuma, who is in her late twenties, is married with a child who is in school. Fatuma has been running two businesses. One is a cosmetics business where she sells door to door, and the other is a food (chapati) business. She has been in these businesses for a period of two years now. She works from 5 a.m. to 1 p.m. and is able to make a small profit each month.

This will be her first loan request from Tujijenge Tanzania. She will use it to restock cosmetics. She dreams to give her son a quality education and to live a happier life. She will share this loan with her loan group "WAKORINTHO," which totals 12 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
  • 23
    View loans »
    Tanzania Loans Fundraising
  • $14,254,650
    Funds lent in using Kiva
  • 1,627.4
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Wakorintho Group's $3,425 loan helped a member to restock cosmetics.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2013
Listed
May 6, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013