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2052 Group
In this Group: Sharifa, Raya, Mtumwa
Sharifa has owned a beauty salon in Zanzibar since 2005. She also sells "chipsi", or french fries, on the side. She works every day from 8:00am to 9:00pm and earns a monthly profit of approximately $85. She is happy to be taking out her first loan from BRAC Tanzania so that she can have more products, accomodate more clients, and increase her profit.


Sharifa is 38 years old, divorced, and has five children. Her children range in age from 1 to 19 years old. Sharifa will be sharing this loan with her fellow group members, Raya and Mtumwa.

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

  • $1,900
    Average annual income
  • 40
    View loans »
    Tanzania Loans Fundraising
  • $14,890,625
    Funds lent in using Kiva
  • 1,250.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of 2052 Group's $525 loan helped a member to buy more materials for her beauty salon.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 5, 2008
Listed
Oct 22, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 22, 2010