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Manzese Group
In this Group: Halima, Azizi, Ramadhani, Juma, Yuster, Abdalah, Anthony, Victoria
Halima, who is in her mid 30s is married with two children who are still at school. She has been selling rice for two years now. She works from 6 a.m. to 6 p.m. daily and is able to make a small monthly profit.

This will be Halima's second loan from Tujijenge Tanzania. She used the previous loan to buy more rice and is so grateful for the loan. She has managed to pay back her loan successfully. She used the profit for school fees and covered household expenses. She will use this loan to buy more rice to meet her customers' demand. She dreams of owning a wholesale shop for rice and to be a food vendor.

Halima will share this loan with her loan group "MANZESE" which has eight 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.

Tags

About Tanzania

  • $1,900
    Average annual income
  • 42
    View loans »
    Tanzania Loans Fundraising
  • $14,902,975
    Funds lent in using Kiva
  • 1,609.5
    Tanzania Shillings (TZS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Manzese Group's $2,800 loan helped a member to buy more rice to meet customer demand.
99% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2013
Listed
Nov 30, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2015