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Maclaren Group
In this Group: Devis, Hadija, John, Rehema, Yasinta, Beatrice, Magdalena, Calister
Devis, who is in his mid 50s is married with four sons two of them are still at school. He has been running a general store since 1995. He works from 06.00am to 08.00pm each working day and and is able to make a fair return each month.

This is Devis's eleventh loan request from Kiva partner, Tujijenge Tanzani. He will use it to buy more stock for the general store, fix the fridge and the door of the premises where he puts his business fridge. With the previous loans all of which he paid back successfully, he restocked his general store with missing items so as to maintain his sales level. Devis used his business profit to pay college fees for his children, reinvested in the business and saved for his retirement benefits. He started building a house for renting. Devis dreams that one day will be able to finish building his house for renting and to have a better life.

Devis will share this loan with his loan group "Maclaren" which totals eight 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
  • 41
    View loans »
    Tanzania Loans Fundraising
  • $14,779,225
    Funds lent in using Kiva
  • 1,602.6
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Maclaren Group's $5,225 loan helped a member to buy more stock for the general store, fix the fridge and the door of the premises where he keeps his fridge.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 1, 2013
Listed
Nov 9, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014