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Nyerere Group
In this Group: Samson, Amer, Rashid, Abeid, Rajabu
Samson, who is in his early 20s, is a married man blessed with a baby boy. For seven years now, Samson has been managing his living by running two businesses: charcoal selling and a boda boda business. He works from 7am to 7pm daily and is able to make a very good return per month.

This is Samson's 6th loan request from Kiva partner Tujijenge Tanzania, which will use to restock more sacks of charcoal. He used the previous loans to increase his charcoal capital by purchasing more sacks.

Samson is a very hard working guy. He has paid back all his previous loans successfully. With the profit received, he will cover home expenses and reinvest back into his business. Samson has managed also to start building his house. He plans to finish building his house and then expand more his businesses.

Samson will share this loan with his loan group" NYERERE GROUP" which consist 5 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
  • 22
    View loans »
    Tanzania Loans Fundraising
  • $14,358,950
    Funds lent in using Kiva
  • 1,611.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Nyerere Group's $1,600 loan helped a member buy charcoal to resell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2013
Listed
Sep 19, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014