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Baraka Group
In this Group: Alex, Alphonce, Joseph, William, Christopher
Alex is a member of Baraka group, the group which is known for working hard and being successfully ambitious. He joined this group to be able to get loans for his business improvement. Alex who is married, is in his late 20s and has got a son who is still young. For two months now, Alex has been involved with a butcher business selling meat. Before he was employed but he decided to run his own business. He starts working from 06am to 08pm daily and is able to make a very good profit per month.

Alex is requesting a first loan from Tujijenge Tanzania. He will use this loan to buy meat for his new butcher shop which he is going to open soon. In the coming years, Alex would like to be a successful man with a good businesses. He will share this loan with his loan group" BARAKA" which consists of five 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

  • $1,900
    Average annual income
  • 38
    View loans »
    Tanzania Loans Fundraising
  • $14,787,550
    Funds lent in using Kiva
  • 1,623.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Baraka Group's $3,400 loan helped a member to buy meat for his new butcher shop which he is going to open soon.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014