Check out some available loans that are similar to this one!
Mt. Livingstone Group
In this Group: Modesta, Zuwena, Tatu, Hadija, Judith, Rehana, Averina, Naomi, Rose, Sabina, Zainabu, Adinan, Reza
Modesta, who is in her late 30s, is married and has two children who are in school. She has been managing a hardware business for six years. She opens her shop at 7 a.m. and works until 10 p.m. daily and is able to make a good monthly profit.

From Tujijenge Tanzania, this is Modesta's tenth loan request. She paid back all of her previous loans successfully and used them to buy hardware stock and open a branch. She used the business profits to buy a plot of land and pay her children's school fees and household expenses.

Modesta will use this new loan to buy hardware stock. She dreams of opening another big hardware store. Modesta will share this loan with her group "Mt. Livingstone," which totals 13 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.

About Tanzania

  • $1,700
    Average annual income
  • 25
    View loans »
    Tanzania Loans Fundraising
  • $14,120,525
    Funds lent in using Kiva
  • 1,627.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Mt. Livingstone Group's $5,350 loan helped a member to buy hardware stock.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 1, 2014
Listed
Apr 3, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014