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Tumaini  A Group
In this Group: Octavian, Joshua, Peter, Joseph, Jackson, Michael
Octavian, who is in his mid 40s, is married with three children who are still in school. He has been a carpenter since 1991. He works from 8am to 6pm daily and is able to make good monthly profits.

This will be Octavian's 18th loan from Tujijenge Tanzania. He used the previous loans to acquire more carpentry equipment and he also bought a machine for cutting big wood. He has paid back all his loans successfully. He used the profit to build his own house, pay school fees, and cover household expenses. He will use this loan to buy better wood to make good doors and to buy normal wood for roofing purposes. He dreams of building another house.

Octavian will share this loan with his loan group Tumaini A, which has six members who 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
  • 15
    View loans »
    Tanzania Loans Fundraising
  • $14,466,375
    Funds lent in using Kiva
  • 1,658.4
    Tanzania Shillings (TZS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Tumaini A Group's $3,975 loan helped a member to buy better wood to make good doors and to buy normal wood for roofing purposes.
99% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 4, 2014
Listed
Aug 12, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015