Check out some available loans that are similar to this one!
Beatrice Mfinanaga's Mwaminifu Kibamba Group
In this Group: Beatrice, Fatuma, Beatrice, Mary, Saum, Mariam, Rukia
Beatrice M., age 40, is married with three children (ages 21, 18, and 14). She also has one dependent sister who is 21 years old. She owns a clothing shop for ladies' wear. She started this shop three years ago in an area called Kibamba. She works from 7am to 8pm daily and is able to make a monthly profit of around US$ 240.



In the past, Beatrice has taken out three loans from Tujijenge Tanzania to increase her "vitenge" sales (traditional Swahili fabrics) and tailoring (sewing ladies' clothes). She now hopes for a new loan to increase her tailoring business. She will share this loan with her subgroup members who have businesses selling charcoal, fish, and vegetables or own small shops. Beatrice belongs to a loan group called Mwaminifu Kibamba, whose members monitor each other in paying back the loan.



In the picture, Beatrice is the 1st on the right in the front row.

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.

About Tanzania

  • $1,700
    Average annual income
  • 8
    View loans »
    Tanzania Loans Fundraising
  • $14,096,650
    Funds lent in using Kiva
  • 1,240.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Beatrice Mfinanaga's Mwaminifu Kibamba Group's $1,775 loan helped a member to increase the inventory of her clothing shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2008
Listed
Nov 11, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 16, 2009