Maria M., 32, is married with three children, one aged 11 and twins aged 7, and also cares for her mother. For the past two years Maria has owned a general store where she sells food items, kangas and vitenge (traditional Swahili fabrics). Working daily from 9 a.m. until 9:30 p.m., she is able to earn a monthly profit of about $204.
This will be Maria’s fourth loan from Tujijenge Tanzania. The first three, which she used to increase the stock in her shop, have been repaid, and she intends to use this new loan for the same purpose - to increase her stock of vitenge and kangas. Maria is a member of the Kinyerezi loan group, whose members guarantee the repayment of each others' loans.
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.