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Mabibo Freedom Group
In this Group: Mariamu, Husna
Mariamu is in her early 40s and has two daughters and one son who are in school. Mariamu is a widowed mother who makes her living by managing two businesses. She manages a charcoal store and a shop selling cosmetics. Mariamu has been in these businesses for five years now and is able to make a very good monthly profit. She opens her shop from 8 am to 9 pm each working day.

From Tujijenge Tanzania, this is her tenth loan request which she will use to buy cosmetics for her shop. Mariamu used the previous loans (all of which paid back successfully) to start her store of charcoal and buy stock of cosmetics. Mariamu generated a profit, which she used to build a house and paid for her children's school fees and improve her family welfare. She dreams of improving her family life by owning a nice car.

Mariamu will share this loan with her loan group" Mabibo Freedom" which totals two 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
  • 49
    View loans »
    Tanzania Loans Fundraising
  • $14,679,800
    Funds lent in using Kiva
  • 1,630.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Mabibo Freedom Group's $1,550 loan helped a member to buy cosmetics for her store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2014
Listed
Apr 18, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014