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Nuru 1 Group
In this Group: Fatuma, Samwel, Betty, Elitumbe, Robert, Tamasha
Fatuma is in her early forties and has two children who are at school. She is married and has a beauty salon. Fatuma has been in this business for 14 years and is able to make a good monthly profit. She works at her salon from 8:00 am to 10:00 pm every work day.

This is Fatuma's 13th loan request from Tujijenge Tanzania. She will use the loan to buy salon hair products. Fatuma used her previous loans (all of which she paid back successfully) to buy more beauty and hair products for her business. Fatuma earned extra income that she used to pay school fees and home food expenses. She is so grateful for Kiva's support, which has helped her upgrade her business. She dreams of becoming a successful business woman in the future.

Fatuma will share this loan with her loan group "Nuru 1" that has a total of six 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.

Tags

About Tanzania

  • $1,700
    Average annual income
  • 8
    View loans »
    Tanzania Loans Fundraising
  • $14,096,650
    Funds lent in using Kiva
  • 1,641.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuru 1 Group's $1,775 loan helped a member to buy salon hair products.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2014
Listed
May 1, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014