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Rashid's Group
In this Group: Rashid, Amina
Rashid Mizungi, age 30, is married with one child of four. He has a welding business which he started 18 years ago and he works daily from 7am until 6pm. He is able to earn a monthly profit of about US$ 285.



This will be Rashid’s second loan from Tujijenge Tanzania. He used the previous loan to buy materials for making gates, doors, and windows and he repaid the loan successfully. He now hopes for a second loan to open a shop to start selling things like saucepans, stove, and frying pans.




Rashid will share this loan with subgroup A of the Tunaweza group. The subgroup has 2 members; the other one sells clothes. These members hold each other accountable in paying back their loans. In the picture, Rashid is the man.

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

  • $1,900
    Average annual income
  • 36
    View loans »
    Tanzania Loans Fundraising
  • $14,890,150
    Funds lent in using Kiva
  • 1,240.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Rashid's Group's $750 loan helped a member to open a shop for selling thing like saucepans, frying pans, and stoves.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2008
Listed
Dec 18, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009