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Venezuela Group
In this Group: James, Catherine, Asha, Hamis, Mahamos*, Aranyael, Florah, Judith, Magreth, Merina, Veronica
* not pictured
JAMES, who is in his early 50s is married and has three children who are going to school. He has been doing two types of businesses. He has been running a retail shop and selling vegetable since 1998. He works from 6.00 am to 8.00 pm daily and is able to make a good monthly profit.

This will be JAMES's 4th loan from Tujijenge Tanzania. He used the previous loans to increase the shop's inventory and planted and sold more vegetables. He has paid back all his loan successfully. He used the profit to pay school fees, covered household expenses and has started building his house. He will use this loan to restock the missing items in the shop and to buy equipment for improving the farm and plant more vegetables. His dream is to one day be able to build and finish building his house.

James will share this loan with his loan group "VENEZUELA" with eleven 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
  • 13
    View loans »
    Tanzania Loans Fundraising
  • $14,113,250
    Funds lent in using Kiva
  • 1,633.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Venezuela Group's $3,750 loan helped a member to purchase inventory to restock the missing items in the shop and to buy equipment for improving on the farm and plant more vegetables.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2013
Listed
Jun 13, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013