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Mafanikio Group
In this Group: Tatu, Noela, Rosemary, Ibrahim
Tatu is aged in her late twenties and is still single. For three years now, Tatu has been managing a business of electronic money transfer (M-Pesa). She starts servicing people at 8 am until 9 pm daily and is able to make a fair monthly profit.

From Tujijenge Tanzania, this is her third loan request, which she will use to recharge her vault to service more people. With her previous loans, all of which have been paid back successfully, she recharged her M-Pesa vault. Tatu earned a profit that she used to cover her own welfare. She dreams of opening a shop to sell clothes and CDs.

She will share this loan with her loan group Mafanikio that totals four 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
  • $14,890,150
    Funds lent in using Kiva
  • 1,630.5
    Tanzania Shillings (TZS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Mafanikio Group's $1,925 loan helped a member to recharge her vault to service more people.
99% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2014
Listed
Apr 15, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2015