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Grace's Group
In this Group: Grace, Rose, Happy, Hadija
Grace has a shop where she sells clothing in Dodoma, Tanzania. She is taking out her first loan, which she will use to increase her inventory. She will use her increased profits to pay her children's school fees and to reinvest in her business. Grace is 27 years old, married, and has two children. She also cares for two additional dependents.


Grace will be sharing this loan with her fellow group members, Rose, Happy, and Hadija.

Additional Information

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
  • 12
    View loans »
    Tanzania Loans Fundraising
  • $14,211,425
    Funds lent in using Kiva
  • 1,200.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Grace's Group's $500 loan helped a member to buy more clothing to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 31, 2008
Listed
Oct 17, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 22, 2010