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Masika Group
In this Group: Salumu, Erick, Juma, Jumbe, Magreth, Yusufu
Salumu, who is in his mid-twenties, is single and has a baby girl. For three years now, he has been running a food shop selling rice, maize, baking flour, beans and other items. His shop is open from 12:00 pm to 9:00 pm daily and he is able to make a fair monthly profit.
This is his sixth loan request from Tujijenge Tanzania and he will use the loan to buy food stocks to resell. He used the previous loans (all of which were paid back successfully) to restock on food items like sacks of rice, beans, sugar, maize and baking flour. He managed to earn extra income which he used to cover home food expenses and house building expenses. He dreams of finishing building his house and painting it with nice colors.
Salumu will share this loan with his loan group, "MASIKA" which consist of six members. The members of this 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.

About Tanzania

  • $1,900
    Average annual income
  • 38
    View loans »
    Tanzania Loans Fundraising
  • $14,899,225
    Funds lent in using Kiva
  • 1,628.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Masika Group's $4,000 loan helped a member to buy food stocks to resell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2014
Listed
Mar 9, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014