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Sheraton Group
In this Group: Pili, Sauda
Pili, who is in her late 20s, is single, with one son who is at school. She has been running a grocery store for four months. She works from 5pm to midnight daily and is able to make a good monthly profit.

This will be Pili's 8th loan from Tujijenge Tanzania. She used the previous loans to sell clothes and food, and now she is running a grocery store. She has paid back all her loans successfully. She used the profit to pay school fees, bought a plot of land and covered household expenses. She will use this loan to buy beers, sodas, spirits, juice, wine and water for the grocery. She dreams of making her business big.

Pili will share this loan with her loan group "Sheraton," which has two 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

  • $1,900
    Average annual income
  • 39
    View loans »
    Tanzania Loans Fundraising
  • $14,888,425
    Funds lent in using Kiva
  • 1,623.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Sheraton Group's $1,425 loan helped a member to buy beers, sodas, spirits, juice, wine and water for the grocery store.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014