Busara 1 Group
For the past 20 years, Sauda has managed an establishment that provides food, including breakfast, lunch and dinner. She also runs a wood and motorbike transport business. Sauda has helpers and her business opens at 5:00am and closes at midnight, daily. She earns a very good monthly profit.
From Tujijenge Tanzania, this will be Sauda's 12th loan request. She wants to buy cooking ingredients and restock wood to resell. Sauda used previous loans to maintain her businesses with stock and she has repaid all previous loans.
With her profit, Sauda will cover school fees and her family needs. She is doing great and thankful to everyone who has supported her group members. In the coming years, Sauda would like to expand and improve her businesses.
Sauda will share this loan with her loan group" Busara 1," which includes two members. Members of the group will hold each other accountable for paying back 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