Check out some available loans that are similar to this one!
Magomeni Group
In this Group: Fatma, Rajabu, Rehema, Salma
From Tujijenge Tanzania, Fatma, who is in her early 30s, is married and has two children, a boy and a girl who are in school. For six years now, Fatma has been running a business selling clothes and cosmetics. She is also an international business woman selling clothes from Dar es Salaam to Nairobi. Working from 8am to 6pm daily, she is able to make a good return each month.


Fatma is requesting her first loan to buy more business clothes and to repair her business premises. She dreams of one day becoming a big businesswoman.


FATMA will share this loan with her loan group" Magomeni" which has four members. The group members will hold each other accountable in 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
  • 38
    View loans »
    Tanzania Loans Fundraising
  • $14,899,225
    Funds lent in using Kiva
  • 1,614.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Magomeni Group's $2,800 loan helped a member to buy more business clothes and to repair her business premises.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2013
Listed
Sep 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014