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Tupendane Group
In this Group: Amoni, Boniface, David
Amon, who is an active member of the Tupendane group, has been running an enterprise selling fish for five years now. He also runs a motorbike service commonly known as bodaboda. He runs his business activities from 7:30 am to the midnight hours and is able to make a very good monthly profit.

Amon will use this loan to buy more fish to resell. This will be Amon's second loan from Tujijenge Tanzania. With his previous loan, which has been repaid, Amon restocked his supply of fish to sell to more people. He is doing great and still working hard to meet his business ambitions. He used the extra money from business to cover school fees and household expenses. He also bought nineteen iron sheets for his house. Amon dreams to own another successful enterprise and own a business bus.

He will share this loan with his loan group " Tupendane" which totals 3 members. The members of the group will hold each other accountable for paying backing 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
  • 105
    View loans »
    Tanzania Loans Fundraising
  • $14,502,950
    Funds lent in using Kiva
  • 1,610.3
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Tupendane Group's $2,250 loan helped a member to buy additional fish to increase stock for resell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2013
Listed
Nov 30, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014