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Iringa Group
In this Group: Fadhil, Mariam, Vumilia
Fadhil, who is in his early 30s, is a divorcee with two children who are still going to school. He is staying with his young brother who is still at school. He has been running a general store for eight years now. He works from 6 a.m. to 11 p.m. daily and is able to make a fair monthly profit.

This will be Fadhil's eighth loan from Tujijenge Tanzania. He used the previous loans to buy a motorcycle, open another general store and buy items for his general stores. He has paid back all his loans successfully. He is happy with the loans. He used the profits to pay the school fees and cover his household expenses. He will use this loan to buy inventory and meet his customers' demands. He dreams of becoming an international businessman.

Fadhil will share this loan with his loan group Iringa, whose members 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
  • 17
    View loans »
    Tanzania Loans Fundraising
  • $14,347,475
    Funds lent in using Kiva
  • 1,605.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Iringa Group's $1,750 loan helped a member to buy inventory and meet his customers' demands.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2013
Listed
Dec 27, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014