Philiphilina is a mother of one schooling kid while the rest are grown. She is in her early 50s and married. She has been supporting her family by managing a business selling charcoal, a business she has been doing since 2000. Philiphilina needs to improve her business by owning a big store, where she can store more sacks of charcoal and meet customer's demands. To meet her ambition, she joined Faraja group, with two members to seek financial support via Tujijenge Tanzania. The members of the group will hold each other accountable to repay the loan. She works from 7 am to 6 pm daily and is able to make a fair monthly return.
This is her fifth loan request, which she will use to buy more sacks of charcoal to resell. She dreams of expanding her portfolio by opening a successful shop. Philiphilina used the previous loans, since repaid, to keep her business stock stable (she bought sacks of charcoal). With the good job she has done, she earned extra income, which she used to cover part of the school fees and home expenses. Philiphilina is so thankful with everyone who takes the time to go through her story and support.
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.