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Sunguchini Group
In this Group: Richard, George, James, Mwahija, Winne, Suzana, Mercy
Richard is in his early 30s and single. For three years now, Richard has run a restaurant business. Richard and his few helpers are doing great in his business. His workday starts at 12 noon and continues to 11 p.m. daily and he is able to earn a fair profit.

This is Richard's third loan request from Tujijenge Tanzania. He used his previous loans to buy plates, glasses, chairs, a gas cooker and freezer for his restaurant. He managed to repay all his previous loans successfully. He used the profit to pay for school fees, bought food for his family and covered household expenses. He will use this loan to open another restaurant in another place. Richard dreams of opening a big hotel.
He will share this loan with his loan group "Sunguchini," which totals seven members who 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
  • $14,457,200
    Funds lent in using Kiva
  • 1,612.9
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Sunguchini Group's $2,550 loan helped a member to open another restaurant in another place.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2013
Listed
Sep 25, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014