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Mt Ulunguru Group
In this Group: Magdalena, Fina, Nelson, Nyasa
Magdalena, who is single in her late 20s, has been managing her life by running two businesses. She is involved with stationery as her big business and also food selling like chips mayai (a local potato omelette) with fried meat. She also does catering services if she has orders. She works from 8:00 a.m. to midnight if she has catering service. Magdalena is able to make a good profit per month.

This will be her first loan request from Tujijenge Tanzania. Magdalena will use this loan to improve her food business by increasing the type of food she cooks. She is doing great on her businesses but she is looking for your financial support to meet her target. She dreams that one day she will be able to expand her businesses with success.

Magdalena will share this loan with her loan group, "Mt Ulunguru," which totals four 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
  • 34
    View loans »
    Tanzania Loans Fundraising
  • $14,517,375
    Funds lent in using Kiva
  • 1,603.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Mt Ulunguru Group's $750 loan helped a member to improve her food business by increasing type of food cooking.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2013
Listed
Nov 14, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014