This will be Jane's 16th loan from Tujijenge Tanzania. She used the previous loans to start a decoration business. So, for the previous years, she has been increasing the stock of materials. She keeps on buying materials according to the color of the year. She bought more food for the catering business and has paid back all her loans successfully. She used the profit to build her house, pay school fees and cover household expenses. She will use this loan to buy up-to-date materials and new server dishes. Her dream is to one day be able to build another house.
Jane will share this loan with her loan group, "Apple," which has 11 members who will hold each other accountable for paying back the loan.
About Tujijenge TanzaniaThis 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.
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Success!! The loan was 100% repaid