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Kakakuona Group
In this Group: Witress, Vicent, Juma, Rahel, Method, Thobias, Hadija, Christina, Hilda, Hamis
Witress is among the Kakakuona Group members who joined in 2008. She is a good member of her group, paying her credits well. She is married, in her early thirties, and lives together with her three school going kids. For six years she has been supporting her husband with managing the family with a food business (mamalishe). She runs her business in a unique way - just cooks everything from home, packs into containers and resells them to people by walking office to office. She sells these foods at the bus terminal where there is more congestion of people. She wakes up early in the morning, sells from 7 am to 1 pm daily, and is able to make a good profit daily.

Witress requests her fifteenth loan to be apportioned among Kakakuona, a ten member group. The members of the group will hold each other accountable for paying back the loan. She used the previous credits that she repaid successfully, to buy food cooking ingredients such as rice, beans, sugar, and meats. She opened a new beauty salon business to grow her income. Witress earned a profit which she used to build and cover part of the school fees. She is so happy with Kiva's support. With her new request, she will use it to buy stock of rice and use part of it to buy bricks to build a house and put electricity in her house. She desires to manage a big business.

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
  • 14
    View loans »
    Tanzania Loans Fundraising
  • $14,117,875
    Funds lent in using Kiva
  • 1,661.5
    Tanzania Shillings (TZS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Kakakuona Group's $4,525 loan helped a member to buy stock of rice and to use part of it to buy bricks to build a house and put electricity in her house.
99% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 21, 2014
Listed
Jul 27, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015