This will be Joyce's second loan from Tujijenge Tanzania. She used the previous loan to buy cosmetics which were in demand and pay off her loan. She used her profits to pay school fees, buy a plot of land and cover household expenses. She is doing fine and really appreciates that loan.
Joyce is applying for a 5,600,000 TZS loan to share with the two other members who comprise her group named Kilombero. The three members will hold each other accountable for paying back the loan. Joyce will use her portion of the loan to buy different types of cosmetics to meet her customer's demands. She dreams of building her own house on the plot of land she bought.
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
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.
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Success!! The loan was 100% repaid