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Sony Group
In this Group: Frida, Semeni, Nelly
Frida, who is in her late 50s, is a widow with two children. One of them is still in college, and one grandchild is also going to school. She has been running a business growing and harvesting sunflowers, and blending the seeds into cooking oil. She also buys from others to make more oil; she has been in this business for four years. She works from 8.00 am to 8.00 pm daily, and is able to make a fair monthly profit.

This will be Frida's tenth loan from Tujijenge Tanzania. She also used the previous loans to grow sunflowers to make into cooking oil. She has paid back all her loans successfully. She used the profit to pay college fees, and saved some in the bank.

She will use this loan to buy more seeds and grow sunflowers for producing cooking oil.

She dreams of improving her life style.

Frida will share this loan with her loan group "SONY", which has three 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
  • 10
    View loans »
    Tanzania Loans Fundraising
  • $14,079,500
    Funds lent in using Kiva
  • 1,602.6
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Sony Group's $1,625 loan helped a member to buy seeds and grow sunflowers for producing cooking oil.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2013
Listed
Nov 7, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014