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Classic Group
In this Group: Mathayo, Prisca, Husna, Zuhura, Neema, Esther, Alicia, Mariamu
Mathayo, who is a single man in his late twenties, has been managing his life expenses by running a barber shop business. He has been in this enterprise for four years, working from 7:00 a.m. to 10:00 p.m. daily. He is able to make a small profit.

This is his first loan request from Tujijenge Tanzania. He plans to use this loan to improve his barber shop place by putting in tiles and coloring it with a nice attractive color. Mathayo dreams of improving his business and upgrading his education level.

He will share this loan with his loan group, Classic. The group contains eight 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.

Tags

About Tanzania

  • $1,700
    Average annual income
  • 108
    View loans »
    Tanzania Loans Fundraising
  • $14,502,950
    Funds lent in using Kiva
  • 1,603.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Classic Group's $3,575 loan helped a member to improve his barber shop by putting in tiles and to color it with a nice attractive color.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2013
Listed
Nov 11, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014