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Sun City Group
In this Group: Sadiki, Teddy, Pendo, Coletha, Happiness
Sadiki is in his mid-twenties, and is a father of one child who is still young.

Sadiki makes his living by running a barber shop. He has been in this business for three years, and is able to make a good monthly profit. He opens his barber shop from 7am to 10pm daily.

This is Sadiki's first loan from Tujijenge Tanzania, which he will use to buy salon equipment. He dreams of opening other barbershop branches. He will share this loan with his loan group "SUN CITY" which has five 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

  • $1,900
    Average annual income
  • 39
    View loans »
    Tanzania Loans Fundraising
  • $14,779,175
    Funds lent in using Kiva
  • 1,631.5
    Tanzania Shillings (TZS) = $1 USD
Expired
A portion of Sun City Group's $4,925 loan helped a member to buy salon equipment for his barber shop.
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2014
Listed
Apr 19, 2014
Currency Exchange Loss:
Possible
Expired:
May 19, 2014