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Reebok Group
In this Group: Hussein, Matagiri, Mathew, Tano, Abasi, Mohamed, Ali, Kimwisho*, Peter, Rajabu
* not pictured
Hussein, who is in age of late thirties, has got four boys who are in school. For a period of sixteen years now, he has been managing his life by running one main business of fruits. After started receiving loans, He decided to open a new business of TV room where he shows football matches especially Europe football leagues. Hussein employed one helper who runs his TV show room. With his fruits business, Hussein wakes up 06am from home and boards a bus to the fruits market where he finish selling at 11am. After that, he organize for the next day stocks ;like what fruits will be available and at what price, all issues ends up 04pm where he can board a bus back to his home. He is really working hard and make sure his boys improve items of education. He is able to make good monthly profit.

This is his fourth loan from Tujijenge Tanzania. He used the previous loans all of which has paid in full to open his TV show room business. He earned a profit which he used to buy a sofa set, home TV, fridge and paid for school fees and home food expenses. In the coming years, Hussein would like to be a successfully man managing a company. He will use this new loan to buy a projector for his TV show room to attract more people.

Hussein will share this loan with his loan group” Reebok” which totals ten nine 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

  • $1,900
    Average annual income
  • 46
    View loans »
    Tanzania Loans Fundraising
  • $14,804,550
    Funds lent in using Kiva
  • 1,636.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Reebok Group's $2,725 loan helped a member to buy a projector for his TV show room to attract more peoples.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2014
Listed
Mar 31, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014