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Boko Group
In this Group: Masudi, Evodi, Zuwena, Tatu, Eva
Masudi, who is in his mid 20s, is single. For four years now, Masudi has been managing a food shop business. He is doing fine with his enterprise. He starts working from 6 a.m. to 11 p.m. daily and is able to make a fair profit per month.

This will be his first loan request from Tujijenge Tanzania. He will use this loan to buy more food so as to sell more. He dreams that one day he will be able to sell more food products in his business. Masudi will share this loan with his loan group "Boko," which totals five 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.

Tags

About Tanzania

  • $1,700
    Average annual income
  • 96
    View loans »
    Tanzania Loans Fundraising
  • $14,502,950
    Funds lent in using Kiva
  • 1,613.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Boko Group's $5,600 loan helped a member to buy more food so as to sell more.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2013
Listed
Jul 31, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014