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Muhiga Group
In this Group: Muhiga, Fatina, Seif, Ismail, Idrisa, Richard
MUHIGA, who is in his early 30s, is single. He has been selling new shoes for sometime. He works from 02 am to 08 pm daily and is able to make a good monthly profit.

This will be MUHIGA's second loan from Tujijenge Tanzania. He used the previous loan to increase the shoe stock and has successfully paid back his loan. He is happy with the loan. He used the profit to take care of himself and the household expenses.

He will use this loan to buy new and up-to-date shoes to meet his customers' demand and quality. He dreams of investing more in his shoe business.

MUHIGA will share this loan with loan group, "MUHIGA", 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.

About Tanzania

  • $1,700
    Average annual income
  • 16
    View loans »
    Tanzania Loans Fundraising
  • $14,211,425
    Funds lent in using Kiva
  • 1,658.5
    Tanzania Shillings (TZS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Muhiga Group's $2,575 loan helped a member to buy new and up-to-date shoes to meet his customers' demands and quality.
99% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2014
Listed
Aug 14, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015