Check out some available loans that are similar to this one!
Magole 'b' Group
In this Group: Lucas, Justina, Lucia, Mwita, Ester, Tumaini, Joseph, Maria, Ibrahim, Marwa, Paulo
LUCAS is in his late 30s and is married with four children, who are still going to school. He has been running a fruits and vegetables business for five years now. He works from 07am to 08pm daily and is able to make a fair monthly profit.

This will be LUCAS's 2nd loan request from Tujijenge Tanzania. He used the previous loan to buy the missing fruits and vegetables and has paid back the entire previous loan successfully. He managed to use his business profit to pay school fees and household expenses. LUCAS will use this loan to restock the out of stock fruits and vegetables. Lucas is doing fine with his genge (grocery hut). He dreams that one day he will be able to own a wholesale business.

LUCAS will share this loan with his loan group "MAGOLE 'B'" which is comprised of 11 members. The members of this 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
  • 31
    View loans »
    Tanzania Loans Fundraising
  • $14,364,400
    Funds lent in using Kiva
  • 1,614.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Magole 'b' Group's $2,000 loan helped a member to restock the out of stock items in the fruits and vegetables business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2013
Listed
Sep 19, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014