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Wazo Tegeta Group
In this Group: Olipa, Deodatha, Prisca, Agia, Jafari, Jeijei, Sophia
Olipa, who is in her early 30s, is married with four children who still go to school. She has been selling second-hand clothes for the past four years. She works from 8 a.m. to 6 p.m. daily and is able to make a very good monthly profit.

This will be Olipa's sixth loan from Tujijenge Tanzania. She used the previous loans to buy more stock of second-hand clothes. She has been very successful and happy with the loan. Olipa gives thanks to all who have supported her Wazo Tegeta group. She has successfully repaid all her loans. She used the profit to pay school fees and helped her husband to cover household expenses. Olipa will use this loan to increase her stock of second-hand clothes. She dreams of owning a very large second-hand clothes business.

Olipa will share this loan with her loan group, Wazo Tegeta, which has seven members who will hold each other accountable for repaying 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
  • 15
    View loans »
    Tanzania Loans Fundraising
  • $14,466,375
    Funds lent in using Kiva
  • 1,609.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Wazo Tegeta Group's $2,175 loan helped a member to increase her stock of second-hand clothes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2013
Listed
Nov 29, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014