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Furaha Tegeta Group
In this Group: Saumu, Thabith, Hassan
Saumu, who is in her late 40s, is married and has four children, two sons and two daughters. Three of them are still going to school and the eldest has finished school. She has been a food vendor for seven years now. She works from 6am to 4pm daily and is able to make a good monthly income.

This will be Saumu's seventh loan from Tujijenge Tanzania. She used the previous loans to buy cooking supplies. She also renovated her restaurant by putting in new iron sheets and tiles in order to make the place attractive to customers. She is really happy and appreciates the loans. She used the profit to pay school fees, bought a farm and covered household expenses. She will use this loan to buy food and cold drinks to meet her customers' demand. She dreams of giving her children a good education and to be successful in life.

Saumu will share this loan with her loan group Furaha Tegeta, which has three 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

  • $1,900
    Average annual income
  • 42
    View loans »
    Tanzania Loans Fundraising
  • $14,807,750
    Funds lent in using Kiva
  • 1,608.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Furaha Tegeta Group's $3,000 loan helped a member buy food and drinks for her food stall.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 7, 2014
Listed
Jan 8, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014