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Wakorintho Group
In this Group: Zuhura, Sina, Saidi, Mariam, Abas, Christina
Zuhura, who is in her late 30s, is divorced and has three children who are still going to school. She has been selling fruits, vegetables, and clothes for five years now. She works from 9:00 AM to 9:00 PM daily and is able to make a small monthly profit.

This loan will be Zuhura's eleventh loan from Tujijenge Tanzania. She used the previous loans to restock out-of-stock vegetables and fruits and to buy clothes to sell. She has paid back all her loans successfully. She used the profit to pay school fees and household expenses. She is happy with the loan. She will use this loan to start selling soft drinks. She dreams of opening a grocery store.

Zuhura will share this loan with her loan group, “WAKORINTHO,” which has six 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.

About Tanzania

  • $1,700
    Average annual income
  • 14
    View loans »
    Tanzania Loans Fundraising
  • $14,117,875
    Funds lent in using Kiva
  • 1,625.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Wakorintho Group's $1,925 loan helped a member to start selling soft drinks.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2014
Listed
Feb 26, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014