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Tanzanite Group
In this Group: Edmund, Chongera, Salim, Penina, Leah, Mafunda, Felista, Asha, Mwamvita, Siwema
Edmund, who is in his late 30's, is married with two children, one of whom is in school. Since 2007, Edmund has been managing to care for his family by running a general store shop selling different items. He works from 6:30 AM to 9:30 PM daily and is able to make a good monthly profit.

This will be his fifteenth loan request from Tujijenge Tanzania. Edmund with his previous loans (all of which he paid back successfully) restocked his general store shop with additional items. With the business profit he received, Edmund bought a music system, radio, TV, and sofa set. Edmund dreams that one day he will be able to build a nice family house. He will use this loan to buy more shop products like dry food items (rice and flour), airtime, and other needed items.

Edmund will share this loan with his loan group "Tanzanite" which totals ten 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.

Tags

About Tanzania

  • $1,900
    Average annual income
  • 40
    View loans »
    Tanzania Loans Fundraising
  • $14,804,600
    Funds lent in using Kiva
  • 1,606.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Tanzanite Group's $3,500 loan helped a member to buy more shop products like dry food items (rice and flour), airtime, and other needed items.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 3, 2013
Listed
Oct 11, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014