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Magole 'b' Group
In this Group: Lucas, Ibrahim, Paulo, Justina, Magabe, Maria, Msabi, Ramadhani, Marwa
Lucas, who is in his early 40's, is married with four children who are still going to school He has been running a business selling fruits and vegetables for five years now. He works from 08am to 09pm daily and is able to make a good monthly profit.

This will be Lucas' third loan from Tujijenge Tanzania. He used the previous loans to buy the out-of-stock items in his business. He has paid back all his loans successfully. He used the profit to pay school fees, built a small house and cover household expenses. He will use this loan to buy fruits and vegetables. He dreams of buying a truck so that he is able to deliver his products to his customers.

Lucas will share this loan with his loan group "Magole B'" which has nine 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
  • $14,902,975
    Funds lent in using Kiva
  • 1,619.4
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Magole 'b' Group's $1,775 loan helped a member to buy fruits and vegetables.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 6, 2014
Listed
Jan 15, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014