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Mawela Group
In this Group: Pudenciana, Yusuph, Mohamed, Juston, Charles, Claus, Magreth, Marry, Iddy, Julius
Pudenciana, who is married, is aged in her late twenties. She has got one kid who is still small. Pudenciana has been managing a business of breads for seven years. She sales her breads on bus-station where she has a permit from local government. She start working from 05am to 01pm daily. Because of living far from bus station, she wakes up 03am and take like two hours distance to business place. She need to board a bus go and return everyday. Pudenciana is able to make a fair monthly return.

From Tujijenge Tanzania, this is her first loan request which she will use to start new business of fabrics. Her business sales does not generate a satisfactory income, therefore she cannot meet her daily family needs as expected. By starting fabrics business, Pudenciana believe her extra income will grow and makes her life better. She dreams that one day she will be able to open a big shop selling fabrics and improve her family life.
She will share this loan with her loan group" Mawela" which consist of ten 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
  • 47
    View loans »
    Tanzania Loans Fundraising
  • $14,686,950
    Funds lent in using Kiva
  • 1,636.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Mawela Group's $5,400 loan helped a member to start new business of fabrics .
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2014
Listed
Mar 31, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014