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Kakakuona Group
In this Group: Hamis, Vicent, Anna, Hilda, Hadija, Thobias, Frances, Rahel, Method, Witress
HAMIS who is in his early 30s is married and has one child who goes to school. He has been running a stationary store for three years now. He works from 06am to 07pm daily and is able to make a fair monthly profit.

This will be HAMIS's 10th loan from Tujijenge Tanzania. He used the previous loans to buy more stationary and has paid back all his loans successfully. He used the profit to buy bricks, sand and covered household expenses. He is really happy with the loan and appreciates Kiva for supporting their group. He will use this loan to buy the missing items in the stationary store. He dreams of building his own house.

Hamis will share this loan with his loan group "Kakakuona" which has ten members who will hold each 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
  • 19
    View loans »
    Tanzania Loans Fundraising
  • $14,473,050
    Funds lent in using Kiva
  • 1,636.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Kakakuona Group's $3,850 loan helped a member to buy the missing items in the stationary store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 24, 2014
Listed
Mar 31, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014