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Hiari  Ya Moyo Musoma Group
In this Group: Frola, Sophia
Flora is a mother of four girls who are in school. She is early 30s years old and is married. Flora who is a treasurer of her group, she has had a business of small dry fishes known as dagaa. She opens her business from 07am to 06pm per working day and is able to make a small profit per month.

This is her third loan request from Tujijenge Tanzania. She used the previous loans all of which paid back successfully to buy dagaa which she resold to more people. She used her profit to cover school fees and household expenses and plow back to her business. She believe that by restocking more stocks, will make her profit to grow. Whatever the profit she makes, part of it plow to her business to grow. Flora will use this loan to restock her business. She dreams to build a nice family house.

Flora will share this loan with her loan group" HIARI YA MOYO" 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
  • $14,517,375
    Funds lent in using Kiva
  • 1,636.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Hiari Ya Moyo Musoma Group's $2,100 loan helped a member to restock her business.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2014
Listed
Mar 31, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014