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Nadia Group
In this Group: Nuru, Magreth, Alice, Monica
Nuru, who is single with two school-age daughters, has been running a business of selling bed sheets and curtains. She has been in this business for four years now. Nuru, who is in her mid 30s, starts working from 6 a.m. to 8 p.m. daily, and is able to make very good returns per month.

From Tujijenge Tanzania, this is her second loan request, which she will use to restock more bed sheets and curtains to resell. She used her previous loans to restock more bed sheets and curtains in her shop. She also bought some beauty items, such as necklaces, to resell.

With the business profit received, she managed to reinvest back into her business, cover school fees and household expenses, and save what's left. Nuru dreams to build a house and provide her daughters with better education.

Nuru will share this loan with her loan group, Nadia, which totals 4 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

  • $1,900
    Average annual income
  • 43
    View loans »
    Tanzania Loans Fundraising
  • $14,890,150
    Funds lent in using Kiva
  • 1,617.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Nadia Group's $2,725 loan helped a member to restock more bed sheets and curtains to resell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2013
Listed
Oct 25, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014