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Maendeleo Group
In this Group: Sudi, Hussen, Melania, Salumu, Aneth, Hamisi, Rwegalulila, Doto, Maimuna, Mariam
Sudi, who is in his early 40s, is single with two sons who are still at school. He has been running two projects, a transport business (motor cycle) and a retail shop, for six years now. He works from 6am to 10pm daily and is able to make a very good monthly profit.

This will be Sudi's 4th loan from Tujijenge Tanzania. He used the previous loans to open the retail shop and to buy spares for his motorcycle. He has paid back all his loans successfully, and has been really happy to have them. He has used the profit to pay school fees, build his house and pay household expenses. He will use this loan to service his motorcycle, and to buy another motorcycle. He dreams of becoming an international business man.

Sudi will share this loan with his loan group "Maendeleo" which has ten 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

  • $1,700
    Average annual income
  • 33
    View loans »
    Tanzania Loans Fundraising
  • $14,374,700
    Funds lent in using Kiva
  • 1,615.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Maendeleo Group's $4,800 loan helped a member to service his motorcycle, and to buy another motorcycle.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 30, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014