Faidika Grp Group
This is her fifth loan from Kiva partner Tujijenge Tanzania. She used the previous loans all of which paid back successfully to grow her seed capital by restocking new items which previous not found in her shop. She is doing great and keeps on working towards her dream of opening a big shop. Pilli earned a profit which she used to buy a plot of land and build a house. She paid part of school fees and household expenses. With her new loan, she will buy new shop stocks to meet her customers demand.
Pilli will share this loan with her loan group" FAIDIKA GRP” which totals two members. The member of the group will hold each other accountable for paying back the loan.
About Tujijenge TanzaniaThis 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.
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This loan has been fully funded!