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Sheraton Group
In this Group: Rukia, Mgeni, Bahati, Edna, Ester, Rehema, Arafa, Hawa, Sauda
Rukia, in her late thirties, is married and a mother of three sons who are at school. She supports her family by running a business. She buy chickens, fries them and sells them from morning to 11 p.m. daily. Rukia is able to make a good profit each month. She is so happy with Kiva's support and she believes her business will grow more with it. Rukia is so thankful with everyone who supports her group. Rukia has been in this business for ten years.

This will be Rukia's seventh loan request via Tujijenge Tanzania. She used the previous loans, which she repaid successfully, to buy more chickens for her business. Rukia earned profit, which she used to build a house and to cover part of school fees and household expenses. In the coming years, Rukia would like to raise her own chickens instead of buying, and become better off in life. She will use her new loan to buy chickens to be fried and sold.

Rukia and the other Sheraton group members will hold each other accountable for paying back the loan.

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
  • 39
    View loans »
    Tanzania Loans Fundraising
  • $14,677,675
    Funds lent in using Kiva
  • 1,661.5
    Tanzania Shillings (TZS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Sheraton Group's $4,775 loan helped a member to buy chickens to be fried and sold.
99% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2014
Listed
Jul 29, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015