Mungu Tubariki Group
He has been managing his life by running two different types of businesses, a cafeteria where he sells things like chips, juice, sodas and water, and a dry cleaning business. He has had the dry cleaning business since 2008 and has had the cafeteria for one year. In the cafeteria business, he has employed a helper. He works from 7 a.m. to 6 p.m. and is able to make a small profit per month.
This will be his fourth loan request from Tujijenge Tanzania. Solomoni used the previous loans to open the cafeteria business so as to grow his profits. With the profit from his businesses, he managed to cover household expenses and tuition fees for his boy, and to reinvest in the business.
He is trying to look for a way to improve his dry cleaning business so as to serve more people as well as earn more profit. He has paid back all his previous loans successfully. He will use this loan to buy a dry-cleaner machine and a fridge for the cafeteria. He dreams of seeing his businesses grow.
Solomoni will share this loan with his loan group "Mungu Tubariki," which consists of nine members. The members of the group 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