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Tumaini Group
In this Group: Amen, Anna
Amen, who is currently running three businesses, is divorced with a boy and a girl who are in school. Her stationary business is a small registered firm and one of Amen's older businesses with high sales. Next is a retail shop, and the last is a beauty salon. Amen has been in these businesses for ten years now and is able to make a very good monthly profits.

This will be her second loan from Kiva's partner, Tujijenge Tanzania. She used her previous loan to buy more printing papers, books of more types and other stationary items. Amen has managed to pay back her entire previous loan successfully. She used her profits to build a house and pay school fees and household expenses. She will use this loan to restock her stationary with more books, printer inks and papers and missing beauty salon equipment. Amen dreams that one day, she will be able to open a big stationary company.

She will share this loan with her loan group " Tumaini" which consists of two 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

  • $1,700
    Average annual income
  • 8
    View loans »
    Tanzania Loans Fundraising
  • $14,096,650
    Funds lent in using Kiva
  • 1,605.1
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Tumaini Group's $875 loan helped a member to restock her stationary with more books, printer inks, and papers, and missing beauty salon equipment.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 4, 2013
Listed
Nov 18, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014