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Lotus Group
In this Group: Yusuph, Amosi, David, Amos, Augustino, Michael, Sauda, Andrea, Ashura, Jamhuri, Yohana, Ahadi, Gerald
Yusuph, who was born in the early 1960s, is married and has got two daughters and two sons. All of his children are in school. Yusuph, who is a chairperson of the Lotus group, has been earning his living by running a clothes business. When he gets back home from his clothing business, Yusuph extends his workday by selling charcoal as a business. He starts his business day from 8 am and works to 6 pm per working day and is able to make a fair monthly profit.

This is Yusuph’s twelfth loan request from Tujijenge Tanzania. He used the previous loans to buy new products so as to make his business grow. Yusuph used his business profit to pay for his children's school fees and household expenses. With this new loan request, he will buy fabrics and sacks of charcoal. He dreams of improving his business and supporting his children up to university level.

He will share this loan with his loan group "Lotus” which consists of 13 members. The members of the group 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
  • 12
    View loans »
    Tanzania Loans Fundraising
  • $14,211,425
    Funds lent in using Kiva
  • 1,617.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Lotus Group's $3,425 loan helped a member to buy fabrics and sacks of charcoal.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014