Mkombozi Mwenge Group
For six years now, she has been managing her family by running a fruits and vegetable business, commonly known as genge. Sharifu works from 7am to 8pm daily, and is able to make a small profit per month.
This is Sharifu's 20th loan request from Tujijenge Tanzania; she will use it to replenish more genge items. She paid all the previous loans successfully, and she managed to buy more business items like fruit, vegetables, bundles of onions, potatoes, tomatoes, etc. With the business profit, she built a family house, and covered home expenses and school fees.
Sharifu is working hard to meet her family requirements. She dreams that one day she will be able to own a three-wheel motorbike.
Sharifu will share this loan with her group," Mkombozi Mwenge", which consists of 7 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