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Masasi Group
In this Group: Salum, Mariamu, Mwajuma, Grace, Hilda, Kasim, Said, Fatuma, Ismail, Mariam, Siyenu, Magreth
Salum, who is in his late 20s, is married and has two children, one of whom goes to school while the other one is still too young. He has been selling second-hand clothes since 2011. He works from 10:00 a.m. to 8:00 p.m. daily and is able to make a very good monthly profit.

This will be Salum's second loan from Tujijenge Tanzania. He used the previous loan to open another place for selling the same product and to increase the stock in the first shop. He is really happy with the loan and appreciates the lenders who send the money and help them manage to live a comfortable life. He used the profit to pay for school fees and household expenses. He will use this loan to increase the second-hand clothes stock and sell to more clients.

Salum will share this loan with his loan group, "Masasi," with 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

  • $1,900
    Average annual income
  • 38
    View loans »
    Tanzania Loans Fundraising
  • $14,804,600
    Funds lent in using Kiva
  • 1,638.6
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Masasi Group's $2,675 loan helped a member to increase the second-hand clothes stock and sell to more clients.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jun 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014