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Kinole Group
In this Group: Marko, Hadija, Omary, Agatha, Henrik, Zaituni, Benesia, Amandi, Mariam, Athuman, Joyce
Marko, who is in his early 30s, is married with three children who are still going to school. He has been a carpenter since 2003. He works from 6:00 am to 8:00 pm daily and is able to make a good monthly profit.

This will be Marko's ninth loan from Tujijenge Tanzania. He used the previous loans to buy more wood, wood fix, sponge for sofa sets, materials for covering furniture, and managed to make more furniture. He has paid all his loans successfully. He used his profits to buy a TV set and a refrigerator, and started building his house. He will use this loan to buy more wood, wood fix, sponge and materials. His dream is to one day be able to finish building his house.

Marko will share this loan with his loan group "KINOLE" with 11 members who 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
  • $14,498,850
    Funds lent in using Kiva
  • 1,625.6
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Kinole Group's $2,800 loan helped a member to buy more wood, wood fix, sponge and materials.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
May 26, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013