Mwanaisha, who is born in the early 1970s, is married and lives with her husband. They are blessed with three children--two sons and one daughter. She managed to enroll one child in school, and the others are still young. Mwanaisha has been managing a business selling clothes door to door for a year. She sells her stock mostly on credit rather than for cash, due to the nature of her clients’ income flows and competition. She works from 9 am to 4 pm daily and is able to make a small profit each month. This will be her first loan from Tujijenge Tanzania, which she will use to buy clothes to sell. She dreams that one day she will be able to improve her business by having business premises and selling more clothes. Mwanaisha will share this loan with the Mwangaluka loan group, which totals 15 members. The members of the group will hold each other accountable for paying back the loan.
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.
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.