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Mafinga Group
In this Group: Zoona, Hamisi, Hashimu, Gregory, Amosa, Grace
Zoona is a mother of two schooling kids. She is in her 30s. She is married and has been involved with a shop selling clothes and CDs. This is a business she has been engaged in since 2009. She is a hardworking woman. Working from 8 am to 9 pm daily, she is able to realize a very good profit.

This is her first loan request, which she will share with her group "Mafinga", which includes six members. The members of the group will hold each other accountable for paying back the loan. She wants a loan to invest in her shop with more fashionable clothes for the coming Muslim ceremony and more CDs.

Zoona desires to greatly improve her business and become an international businesswoman.

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

  • $1,900
    Average annual income
  • 43
    View loans »
    Tanzania Loans Fundraising
  • $14,902,975
    Funds lent in using Kiva
  • 1,661.1
    Tanzania Shillings (TZS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Mafinga Group's $4,125 loan helped a member to replenish her shop with clothes and CDs to resell.
98% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 14, 2014
Listed
Jul 24, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2015