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Trust Group
In this Group: Shedrack, Restituta, Edwin, Joktan, Mathias, Veronika, Sevelina, Elizabeth, Clement
Shedrack, who is in his mid-30s, is married and has two children. One child is in school, while the other is still a baby. For eight years now, Shedrack has been managing his family by running a business selling bed sheets. He works from 7:00 AM to 6:00 PM per working day and is able to receive a good monthly profit.

This will be his tenth loan request from Tujijenge Tanzania. With the previous loans, all of which he has paid back in full, he bought stocks of bed sheets. Shedrack’s profit was used to cover school fees and household expenses, including home bed sheets, sofas, a fridge, and a TV. He is so happy with your financial support, which helps him to improve his life. Shedrack will use this loan to buy bed sheets to resell to more people. He dreams of owning a big plot of land.

Shedrack will share this loan with his loan group "TRUST," which totals nine 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

  • $1,700
    Average annual income
  • 19
    View loans »
    Tanzania Loans Fundraising
  • $14,473,050
    Funds lent in using Kiva
  • 1,603.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Trust Group's $3,150 loan helped a member to buy bed sheets to resell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 10, 2013
Listed
Dec 15, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014