Stellah is in her thirties and is a businesswoman. She has been managing a poultry business, a project that she has managing for three years now. She is not married and lives with her own two boys who are in school. She started her business with a few birds, but little by little she grew to more than 100 birds per one batch. Stellah starts working from 5 a.m. to 6 p.m. every working day and is able to make a fair profit each month.
She is now approaching Tujijenge Tanzania to find financial support so as to improve her business production more. Stellah, together with five other women, is requesting for a loan to be apportioned among Kwimage Group (six members). The members of the group will hold each other accountable for paying back the loan.
She will use her portion to buy chicks and chicken feed to improve production. Stellah wants to become a great poultry business woman.
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.
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.