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Saranga Group
In this Group: Fausta, Ester, Christopher, Alphonce, Tabu, Julian*, Zuhura, Steven, Happyness, Shaban, Fatuma, Geofrey, Pailo, Godfrey
* not pictured
Fausta who is in her mid 30s is married. She has been running a beauty salon for three years now. She works from 8.00 am to 8.00 pm daily and is able to make a good monthly profit.

This will be Fausta's 9th loan from Tujijenge Tanzania. She used the previous loans to buy a dryer, sewing equipment, and has paid back all her loans successfully. She used the profit to cover household expenses. She will use this loan to start selling cosmetics. Her dream is to one day be able to become an international businesswoman.

Fausta will share this loan with her loan group "Saranga" with fourteen 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
  • 17
    View loans »
    Tanzania Loans Fundraising
  • $14,117,850
    Funds lent in using Kiva
  • 1,633.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Saranga Group's $3,775 loan helped a member to start selling cosmetics.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 3, 2013
Listed
Jun 7, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013