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Mt Magoroto Group
In this Group: Amosi, Peter, Hassan, Emmanuel, Shabani, Innocent
AMOSI, who is in his late 30s is single. He has been running a telephone accessories business for three years now. He works from 08 am to 08 pm daily and is able to make a very good monthly profit.

This will be AMOSI's 3rd loan from Tujijenge Tanzania. He used the previous loans to buy different types of accessories and has repaid all his loans successfully. He uses the profit to cover household expenses. He will use this loan buy new telephone accessories. He dreams of improving his shop to international standards.

Amosi will share this loan with his loan group "MT MAGOROTO" 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
  • 9
    View loans »
    Tanzania Loans Fundraising
  • $14,096,650
    Funds lent in using Kiva
  • 1,626.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Mt Magoroto Group's $1,425 loan helped a member to buy new telephone accessories.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2014
Listed
Mar 13, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014