Check out some available loans that are similar to this one!
Makuti A Group
In this Group: Veronica, Lilian, Severina, Hermani, Fatuma, Teresia, Asha, Mwanaheri, Mariam, Maimuna, Matilda
Veronica, who is in her early 40s, is married with five children of whom all are in school (one is in college and the other four are in secondary). For twenty years now, Veronica has been supporting her family in coordination with her husband by running a 'genge' (small shop) selling fruits and vegetables. She works from 7 am to 4 pm daily and is able to make a good profit per month.

This will be her 17th loan request from Tujijenge Tanzania, She used the previous loans to buy more 'genge' items like tomatoes, sacks of onions, coconuts, and more vegetables with high demand. She bought two fridges to put in her new retail shop she opened. With the profit from the business, Veronica paid school fees for her children and also home expenses. She will use this loan to buy the missing 'genge' items. She dreams that one day she will be able to own a wholesale business.

She will share this loan with her loan group "Makuti A" which totals 11 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
  • 45
    View loans »
    Tanzania Loans Fundraising
  • $14,677,675
    Funds lent in using Kiva
  • 1,613.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Makuti A Group's $5,725 loan helped a member to buy the missing items for her small shop.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2013
Listed
Jul 31, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014