Eva was born in the early 1980s and is single. She has a son who is in school. For three years, she has been managing her life by running a pharmacy. Eva had been employed in someone else's pharmacy since 2008 before switching to her own. She opens her business from 7:00 am to 10:30 pm each working day and is able to make a good monthly profit.
This is her first loan request from Tujijenge Tanzania. Eva will use this loan to buy cosmetics, medicines, and other items for her pharmacy. In the coming years, Eva would like to open another branch to grow her income. She will share this loan with her loan group Kutogwa, which totals three members. The members of the group will hold each other accountable for paying back the loan.
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.
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.