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Parachichi Group
In this Group: Rehema, Hekima, Zena, Christina, Ismaeli, Mwanamkuu, Richard
Rehema, who is in her late twenties, is married and has got three children, two og whom are in school. She has had a beauty salon service for three years now. Rehema opens her business from 8 am to 8 pm daily and is able to make a fair monthly profit.

From Tujijenge Tanzania, this is Rehema's third loan request. She used the previous loans to buy business working equipment like cosmetics, hair products and other related items. Rehema paid back all of her loans successfully. She used the profit to cover her household expenses and school fees. She also plows some money back into her business for capital growth. Rehema is now requesting her third loan, which she will use to buy hair products and cosmetics for her business. She dreams that, in the coming days, she will be a successful woman with a nice family house.

The members of her loan group Parachichi, which totals seven members, 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
  • 17
    View loans »
    Tanzania Loans Fundraising
  • $14,457,200
    Funds lent in using Kiva
  • 1,625.2
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Parachichi Group's $3,000 loan helped a member to buy hair products and cosmetics for her business.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2014
Listed
Mar 7, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014