Check out other loans that are currently fundraising!
Chimbuko Group
In this Group: Muhibu, Rehema, Bellow, Saidi, James
Muhibu, who is a single man in his mid-30s, has two children who are in school.

For six years now, Muhibu has had a business selling shoes for men, women and children. He normally runs his shop from 7:30 a.m. to 9:00 p.m. daily and is able to make a good monthly profit.

This will be his 17th loan request from Tujijenge Tanzania. Muhibu paid back his previous loans fully, and he purchased more business stocks, especially ladies' shoes, for his shop. With his business profit, he covered school fees, family food and medical expenses. Muhibu also bought a plot of land.

With this loan, he will buy new shoes to resell in his shop. Muhibu hopes to build a house.

He will share this loan with his loan group, "Chimbuko," which totals five members who 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
  • 13
    View loans »
    Tanzania Loans Fundraising
  • $14,466,375
    Funds lent in using Kiva
  • 1,600.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Chimbuko Group's $1,525 loan helped a member to buy new shoes to resell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2013
Listed
Dec 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014