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Actable The Best Group
In this Group: Mohamed, Hajra, Diana, Sophia, Kelvin*, Maxiwilliam, Selema, Kijoli, Omary, Asha, Pesa, Christian, Pili
* not pictured
Mohamed, who is in his late 50s, is married with eight children; three are in school and the rest are grown up and support themselves. Since the 1990s, Mohamed has been engaged in a charcoal-selling business. He started the project with a little capital, buying a few sacks of charcoal, but now his business has grown. Mohamed works from 7:00 a.m. to 6:00 p.m. daily and is able to make a small profit per month.

This will be his third loan request from Tujijenge Tanzania. With the previous loans, both of which he repaid successfully, he restocked sacks of charcoal. The profit received from the business was used to pay for school fees and home expenses. He will use this loan to restock sacks of charcoal. Mohamed thinks that one day he will be able to expand his project by stocking more charcoal so that he can manage greater customer demand.

He will share this loan with his loan group, Actable the Best, which totals 13 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
  • 19
    View loans »
    Tanzania Loans Fundraising
  • $14,470,525
    Funds lent in using Kiva
  • 1,618.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Actable The Best Group's $4,250 loan helped a member to restock sacks of charcoal.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2013
Listed
Jul 18, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013