For four years now, she has been managing her life by running poultry activities (broilers). Paskazia is also doing a small business of selling vitumbua, a kind of snack made with rice flour. She works from 4:00 a.m. to 9:00 a.m. just for vitumbua, which is used as a breakfast bite.
In her poultry business, it is difficult to specify her working time because she just looks after them every time when they are chicks, even at night-hours, but when they become big, it is only in the morning and evening. Paskazia is able to make a very good profit per month.
This will be her second loan request from Tujijenge Tanzania. She used her previous loan to buy more chicks and bought more sacks of chicken feed. Paskazia has paid back her loan successfully. She used her profit to pay school fees and household expenses, and reinvested in her poultry business. She also has a bank account where she normally saves some part of the profit.
She will use this loan to buy more chicks for her poultry business. Paskazia dreams of reaching up to 1,500 chicks.
She will share this loan with her loan group “Mafanikio", which totals three members. The members of the group will hold each other accountable for paying back the loan.
About Tujijenge TanzaniaThis 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.
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Success!! The loan was 100% repaid