For twelve years now, Aisha has been managing her family by running a grocery business selling local brews (chibuku), spirits, beers, sodas, juices, and water. She works from 6 a.m. to midnight and is able to make a good monthly profit.
This will be her third loan request from Tujijenge Tanzania. Aisha used her previous loans to restock her grocery with more drinks than before. She has paid back all her previous loans in full.
Aisha used her profit to build one room for her family and to cover household and school expenses. She is so proud with Tujijenge's loans because now days she is able to cover home costs and school fees for her grandkids without difficulty. Aisha is dreaming of improving her life more with a nice house having electricity and a better education for her grandkids. She will use this loan to buy more stocks of grocery drinks.
Aisha and her loan group" CHELSEA" with seven members will share this loan and 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