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Imarika Group
In this Group: Albert, Adam
Albert is aged early thirties and is a father of one son who is in school. He is married and for ten years now he has been managing a shop selling cellular phones accessories. He also repair and sell phones. Albert start working from 08am to 10pm per working day and is able to make a good monthly profit.

From Tujijenge Tanzania, this is his sixth loan request which he will use to buy new phones and accessories for his shop. With his previous loans all of which paid back successfully, Albert used to buy cellular phones for his shop to grow. He dreams that one day he will be able to buy his own shop stocks from China. He received an extra income which he used to repair his house and covered school fees and home food expenses.

Albert will share this loan with his loan group " IMARIKA" which totals two members. The members of the 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.

Tags

About Tanzania

  • $1,700
    Average annual income
  • 34
    View loans »
    Tanzania Loans Fundraising
  • $14,511,225
    Funds lent in using Kiva
  • 1,636.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Imarika Group's $1,350 loan helped a member to buy new phones and accessories for his shop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 24, 2014
Listed
Mar 31, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014