Mt Meru Group
She has 30 kids in nursery school and 15 tuition students. She is doing great despite a few uncontrollable challenges: frequently changing teaching books, and every school with its own teaching books. These are so costly to Juliet.
Juliet has also a poultry (raising local chickens) business and a garden growing vegetables. Juliet runs all these businesses with house-girl support. Working from 8 a.m. to 6 p.m. each working day, she is able to earn a good profit each month.
This will be Juliet's second loan from Tujijenge Tanzania. She wants to use it to paint her nursery classes and to buy more teaching books to make her tuition classes up to date. She has paid back her loan successfully. She used her profit to cover household expenses. She dreams of improving her school by having a shop selling school items.
She will share this loan with her loan group, "Mt Meru," which has three members who 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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Success!! The loan was 100% repaid