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Mikocheni A Group
In this Group: Alex, Asha, Mwamusi, Bendita, Rukia, Dotto, Paskali, Agness, Maria, Rose
Alex, who is in his late 20s, is single. He has been running a retail shop where he sells dry food and soft drinks for three years now. He works from 8am to 9pm daily and is able to make a fair monthly profit.

This will be Alex's fifth loan from Tujijenge Tanzania. With his previous loans, all of which has been paid back successfully, Alex bought out-of-stock items in his shop. He is doing great and is happy with the loan. He used the profit to buy his mobile telephone, bought a bed, a mattress and covered household expenses. He will use this loan to buy sugar, beans, rice, maize flour, water, sodas, juice, etc. for his shop and make floor repairs. He dreams of owning a big retail shop.

Alex will share this loan with his loan group "Mikocheni A", which has a total of ten 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.

About Tanzania

  • $1,900
    Average annual income
  • 42
    View loans »
    Tanzania Loans Fundraising
  • $14,890,150
    Funds lent in using Kiva
  • 1,582.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Mikocheni A Group's $1,625 loan helped a member to buy sugar, beans, rice, maize flour, water, sodas, juice etc., for his shop and make floor repairs.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 27, 2013
Listed
Jan 2, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014