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Tupendane B Group
In this Group: Omary, Masoud
Omary is a man in his early twenties, who is married and has got a baby boy. Since young, he has been involved with car repair, a service he has been dreaming of. He is now managing a place for car repairs. He has also two compressors for car tubes, a business he has been in since 2006. He is still hoping to grow his business even more and make a great change to his surrounding community. For the sake of improving his business, he approached Tujijenge, a financial institution to find support. He is now among two member of Tupendane B group, who hold each accountable for any loan difficulties.

Omary is requesting a third loan which he will use to buy a new compressor machine for his business. There is an increase in demand for compressor services in his center. He used the previous loans, he repaid back in full, to buy his current business machine (compressor).

Because of his good work, Omary got extra income which he used to pay school fees and plow back to his business. He dreams of building up a big and modern garage.

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
  • 23
    View loans »
    Tanzania Loans Fundraising
  • $14,254,650
    Funds lent in using Kiva
  • 1,658.4
    Tanzania Shillings (TZS) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A portion of Tupendane B Group's $725 loan helped a member to buy a new compressor machine for his service.
95% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2014
Listed
Jul 21, 2014
Currency Exchange Loss:
Possible