For six years now, Mohamedi has owned a shop where he runs tailoring activities. He also sells clothes in the same shop. Mohamedi works from 7 a.m. to 7 p.m. per working day and is able to make a fair monthly profit.
This will be his sixth loan request from Tujijenge Tanzania. With his previous loans, all of which he paid back successfully, he bought clothes and tailoring materials for his shop. With his profit, he built two rooms for his family and covered school fees and household expenses.
Mohamedi will use this loan to buy clothes and working materials for his tailoring. He dreams of opening another shop.
He will share this loan with his loan group, “Mpunga,” which consists of seven 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