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Boresha Masiha Group
In this Group: Loyce, Shida
Loyce is a mother of three school-aged children. She is in her thirties and is married. For four years now, Loyce makes her family living by managing a shop selling spare parts of different trucks. She starts doing business from 07am to 01pm daily and is able to make a good monthly profit.

This will be her first loan request from Kiva's partner, Tujijenge Tanzania. Loyce will use this loan to replenish her shop's spare parts inventory. She dreams of buying a car for her business. She will share this loan with her loan group "BORESHA MASIHA" which totals two 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
  • 30
    View loans »
    Tanzania Loans Fundraising
  • $14,646,225
    Funds lent in using Kiva
  • 1,648.5
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Boresha Masiha Group's $2,125 loan helped a member to buy spare parts to replenish her shop's inventory.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2014
Listed
May 20, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014