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Sheraton Group
In this Group: Fatuma, Asha, Bahati, Rehema, Sharifa, Maimuna, Arafa, Sauda
Fatuma, who is in her mid-30s, is single, with a boy who is in nursery school.

For 11 years now, Fatuma has been running a business, selling clothes (football jersies) and honey. She obtains her honey stock from up-country and she sells it wholesale. Fatuma works from 9am to 4pm daily and is able to make a good monthly profit.

This is her seventh loan request from Tujijenge Tanzania. She used the previous loans to start her business of selling honey and to restock with more clothes. She managed to successfully pay back all her previous loans. The business profit earned was used to cover school fees and household expenses. She saved the remaining amount.

Fatuma will use this loan to restock more clothes to sell. She dreams that, one day, she will be able to open a big clothes shop.

Fatuma will share this loan with her loan group, Sheraton Group, which totals eight 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
  • 16
    View loans »
    Tanzania Loans Fundraising
  • $14,466,375
    Funds lent in using Kiva
  • 1,612.9
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Sheraton Group's $3,400 loan helped a member to restock more clothes to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2013
Listed
Sep 24, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014