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Fursa Group
In this Group: Pilly, Albano, Julius, Saidi
PILLY, who is in her mid 40s, is married with two children, both of whom are still going to school. She has been selling clothes for five years now. She works from 8 AM-8 PM daily and is able to make a very good monthly profit.

This will be PILLY's 2nd loan from Tujijenge Tanzania. She used the previous loan to buy different types of clothes. She has paid back her loan successfully. She is doing great and appreciates the loan. She used the profit to pay school fees, cover household expenses and she is saving money in order to buy a tricycle (bajaji). She will use this money to buy clothes to resell. She dreams of opening another clothing shop in a different area.

Pilly will share this loan with her loan group "FURSA," which has four 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
  • 23
    View loans »
    Tanzania Loans Fundraising
  • $14,254,650
    Funds lent in using Kiva
  • 1,596.5
    Tanzania Shillings (TZS) = $1 USD
Expired
A portion of Fursa Group's $5,525 loan helped a member to buy clothes to resell.
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 3, 2014
Listed
Jan 9, 2014
Currency Exchange Loss:
Possible
Expired:
Feb 8, 2014