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Mbogo Group
In this Group: Fatuma, Luthiberta, Mwanaidi, Suzan, Magreth
Fatuma, who is in her late 40s, is widow with a son and a daughter. Her son is in vocational school doing mechanics. For about fourteen years now, Fatuma has been managing her family by running a fish business where she buys fish from the ocean market and fries them at home to sell. She works from 5 a.m. to 9 p.m. each working day and is able to make a fair profit.

This will be her eleventh loan request from Tujijenge Tanzania. With the previous loans, all of which were paid back fully, she bought more fish and cooking oil to fry the fish. Fatuma's business profits are used to cover school fees and family food expenses. She will use this loan to buy 20 liters of cooking oil and more fish. She dreams to build a house and expand much on her business.

Fatuma will share this loan with her loan group " MBOGO," which has a total of 5 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.

About Tanzania

  • $1,700
    Average annual income
  • 24
    View loans »
    Tanzania Loans Fundraising
  • $14,358,325
    Funds lent in using Kiva
  • 1,611.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Mbogo Group's $1,025 loan helped a member to buy 20 liters of cooking oil and more fish.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2013
Listed
Nov 21, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014