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Waefeso Group
In this Group: Maryce, Salome, Edson, Paul, Salama, Asha, Henry, Fransis, Mariamu, Happy, Haji, Dainess, Mwamvita, Frank
Maryce, who is in her early 40s, is married with four children - a boy and three girls who are in school. For four years now, Maryce has been running a pharmacy business. She is doing fine in this project. She starts working from 8 a.m. to 9 p.m. daily, and is able to make a fair return per month.

This will be her third loan request from Tujijenge Tanzania. Maryce used her previous loans to buy more pharmacy medicines and has paid back all of her previous loans successfully. With the business profits received, Maryce managed to cover home and school expenses. She also used part of the profits to start building her house. She will use this loan to buy more pharmacy stock.

Maryce dreams that one day, she will be able to expand her business by having another branch.
Maryce will share this loan with her loan group, Waefeso, which has 14 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.

About Tanzania

  • $1,700
    Average annual income
  • 21
    View loans »
    Tanzania Loans Fundraising
  • $14,229,300
    Funds lent in using Kiva
  • 1,615.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Waefeso Group's $5,900 loan helped a member to buy more pharmacy stock.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2013
Listed
Aug 31, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014