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Urafiki Group
In this Group: Lucas, Marystella
Lucas is a married man with two boys; one of them is in school. Lucas, who is in his early 40s, has been running a business of manufacturing furniture, where he makes chairs, sofa sets, etc. He has been in this business for eight years now. He works from 7 am to 6 pm each day, and is able to make a small monthly profit.

This will be his fourth loan request from Tujijenge Tanzania. With the previous loans, all of which he paid in full, he bought business raw materials: mattresses, woods, and nails. He used his business profit to pay school fees, household expenses, and saved for his children.

He will use this loan to buy wood and mattresses to make furniture to sell.

Lucas is thankfull for our business product, and he dreams of owning a big business.

He will share this loan with his loan group, "URAFIKI", which has two members. The members of the group 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
  • 38
    View loans »
    Tanzania Loans Fundraising
  • $14,804,600
    Funds lent in using Kiva
  • 1,600.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Urafiki Group's $1,000 loan helped a member to buy wood and mattresses for making furniture to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 4, 2013
Listed
Dec 9, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014