Mkombozi Mwenge Group
For a period of 20 years now, Sharifa has made her living by running a genge selling fruits and vegetables. Sharifa gets up earlier in the morning (7 am) to start her business. Sometimes she needs to start in the market center to buy new fruits and vegetables. Her business is not located far from her home, so it ends at night (8 pm). She is able to make a very good profit per day.
Sharifa is requesting a loan from Tujijenge Tanzania, which is her tenth loan from Kiva partner Tujijenge. She will use this loan to pay for new business stock.
She used her previous loans, all of which were paid back successfully, to restock her business with fruits and vegetables.
Sharifa used her business profit to build a house, bought home furniture, and covered school fees and home expenses. She dreams of expanding her business up to a genge duka.
Sharifa will share this loan with her loan group,” Mkombozi”, which consists of eight members. The members of the group will hold each other accountable for paying back the loan.
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