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Monrovia Group
In this Group: Fatuma, Herieth, Sarah, Stella, Asma, Joyce, Zaituni, Mariam, Mohamed, Dorothea, Farida, Mary, Rehema
Fatuma, who is in her mid 40's, is a widow with four children who are still in school. She has been running two types of businesses, food vending and charcoal selling. She has been in these businesses for ten years now. She works from 5:00 a.m. to 5:00 p.m. daily and is able to make a good monthly profit.

This will be Fatuma's 4th loan from Tujijenge Tanzania. She used the previous loans to buy different types of food and sacks of charcoal. She also bought bricks for getting ready to start building her house. She has paid back all her loans successfully. She used the profit to pay school fees, cover household expenses and buy more bricks. She will use this loan to buy food stock and sacks of charcoal to use for cooking and selling as well. She dreams of building her own house.

Fatuma will share this loan with her loan group "Monrovia," which has thirteen members who will hold each other accountable for paying back the loans.

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
  • $14,217,575
    Funds lent in using Kiva
  • 1,582.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Monrovia Group's $5,475 loan helped a member to buy food stock and sacks of charcoal to use for cooking and selling.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2013
Listed
Jan 2, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014