He has been managing his family by using income from his genge (grocery) business. Amon has been in this business for three years now and is able to earn a fair monthly profit. He sells fruits and vegetables, but he desires to sell more and other related items to become a genge-duka. Amon works at his business from 8:00 a.m. to 10:00 p.m. daily.
He is requesting a second loan through Tujijenge Tanzania. He used the previous loan that he repaid to buy fruits and vegetables. He earned extra income which he used to cover home and school expenses.
Amon dreams to change his business to a genge-duka selling fruits, vegetables, sodas, water, rice, beans, maize, baking flour, and sugar. He believes that by doing so, his family income will grow and to some extent improve living conditions. He will use this loan to buy a new stock of soft drinks, sodas, water, juices, fruits, and vegetables to resell.
Amon and four other members form the Mobasa Group. They will hold each other accountable for paying back the loan.
About Tujijenge TanzaniaThis 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.
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