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Shemsa's Charcoala And Firewood Sales Group
In this Group: Shemsa, Neema, Rose
Shemsa is married with three children, aged seven, three, and one years old. Since 1999, she has been selling charcoal and firewood. She works daily from 6am to 6pm and earns a monthly profit of about $80 from her sales.


Shemsa is requesting a loan of $525 loan to buy more charcoal and firewood to expand her business. She will share this loan with her subgroup members who have their own businesses selling tomatoes, vegetables, juice, and ice-cream.

Additional Information

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

  • $1,900
    Average annual income
  • 41
    View loans »
    Tanzania Loans Fundraising
  • $14,779,225
    Funds lent in using Kiva
  • 1,152.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Shemsa's Charcoala And Firewood Sales Group's $525 loan helped a member to buy more charcoal and firewood to expand her business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 24, 2008
Listed
Sep 10, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 22, 2010