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.
About Tujijenge TanzaniaThis 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
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Success!! The loan was 100% repaid