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Mango Group
In this Group: Steven, Somoe, Rose, Ahmad, Petronia, Arabia
Steven, who is a married man with six grown up children, has been managing his life by running several businesses, one is a charcoal selling business, a second is a poultry business where he grows broilers for sale and trades local chickens which he buys from others to resell. Steven is managing another business of fruits and vegetables- he owns a farm for some fruits and vegetable items which he sells. Steven, who is in his early seventies, works from 06:00am to 09:00pm every working day and is able to make a good monthly profit.

This is Steven's fifth loan request from Tujijenge Tanzania. He used his previous loans to purchase more sacks of charcoal, fruits, and vegetables, and has paid back all his previous loans successfully. Steven used his business profit to cover household expenses and saved the remainder. He will use this loan to purchase more chicks and local chickens. Steven dreams of owning better working equipment and transportation.

He will share this loan with his loan group "mango" which totals 6 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

  • $1,900
    Average annual income
  • 46
    View loans »
    Tanzania Loans Fundraising
  • $14,890,150
    Funds lent in using Kiva
  • 1,608.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Mango Group's $2,425 loan helped a member to purchase more chicks and local chickens.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2013
Listed
Oct 25, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014