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Amani-Hondogo Group
In this Group: Jackson, Zaituni, Godwin, Elkana, Amiri, Obedi, Frank, Ibrahim, Tegemea
Jackson is in his early 30s and is married with three children who are still going to school. He has been running a business of transporting clients by using a motorcycle. He has been in this business for five years now. He works from 3.00am (at night) to 10.00 am daily and is able to make a fair monthly profit.

This will be Jackson's seventh loan from Tujijenge Tanzania. He used the previous loans to maintain the motorcycle by taking it for servicing and to buy spares which were out of service. He has paid all his loans successfully. He used his profit to build his own house and to pay his children's school fees. He will use this loan to buy his own motorcycle. Previously he was employed. His dream is to one day be able to own a spare parts shop, buy a water tank and start selling water.

Jackson will share this loan with his loan group "Amani-Hondogo" with nine members who 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

  • $1,900
    Average annual income
  • 41
    View loans »
    Tanzania Loans Fundraising
  • $14,779,225
    Funds lent in using Kiva
  • 1,618.5
    Tanzania Shillings (TZS) = $1 USD
Expired
A portion of Amani-Hondogo Group's $3,775 loan helped a member to buy his own motorcycle.
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2013
Listed
Aug 29, 2013
Currency Exchange Loss:
Possible
Expired:
Sep 28, 2013