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Vikindu Group
In this Group: Rajabu, Digna, Maneno, Khadija, Mariam, Wastara, Flora
Rajabu, who is in his early 50s, is married and has five children who are in school. Since 2011, Rajabu has been running a carpentry business. He also has another business selling cold soft drinks. He works from 8am to 9pm daily and is able to make a fair profit per month. This is his fourth loan request withTujijenge Tanzania, which he will use to buy more carpentry wood and soft drinks. With the previous loans, all of which he paid back successfully, Rajabu made some business improvements like making cleanness in his carpentry premise, bought soft drinks and wood. He also used it to buy a business fridge. With the profit received, Rajabu managed to pay school fees and home expenses.

Rajabu dreams that one day will be able to own a carpentry company. He will share this loan will his loan group " VIKINDU" which totals 7 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
  • 14
    View loans »
    Tanzania Loans Fundraising
  • $14,466,375
    Funds lent in using Kiva
  • 1,616.4
    Tanzania Shillings (TZS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Vikindu Group's $3,050 loan helped a member buy lumber and soft drinks.
99% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2013
Listed
Aug 22, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015