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Mafinga Group
In this Group: Anneth, Grace, Deogratius
Anneth, who is in her late 30s, is married with three children who are still at school. She has been running a business of decorating and baking cakes. She has been in this business for seven years now and is able to make a good monthly profit. When Anneth has a cake to bake and decorate, she starts work at 6 am and finishes at 6 pm.

Anneth is requesting a second loan from Tujijenge Tanzania. She used the previous loan, which was repaid successfully, to buy cake stands, which she normally uses when baking and presenting cakes to customers. Anneth received extra income which she used to cover part of the school fees and home food expenses. She dreams that one day she will be able to own her own rental hall. Anneth will use this loan to buy chairs for the bride and bridegroom and flour and other cake-making ingredients.

Anneth will share this loan with her loan group "Mafinga" which totals three 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
  • 32
    View loans »
    Tanzania Loans Fundraising
  • $14,646,225
    Funds lent in using Kiva
  • 1,633.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Mafinga Group's $1,775 loan helped a member to buy chairs for the bride and bridegroom, flour and other cake-making ingredients.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 2, 2014
Listed
Apr 4, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014