She has owned a grocery and cafe for eleven years. Hilda employes waitstaff for the cafe. She works daily from 6am to 11pm and is able to make a very good monthly profit.
This is Hilda's third loan request which she will use to buy bulk quantities of soda and beer for her grocery. She successfully repaid the previous loans which she used to restock her inventory. Hilda manages to generate an extra income and will use it to cover her household expenses and school fees.
Hilda dreams of managing stationary and boutique businesses.
She will share thus loan with her loan group "Apple" which totals two members who hold each other accountable to repay 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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Success!! The loan was 100% repaid