This will be Augustino’s fifth loan from Tujijenge Tanzania. He used the previous loans to increase the stock of his electrical equipment and has repaid the loans successfully. He now hopes for a fifth loan to buy more stock to sell.
Augustino will share this loan with his loan group, Fanaka, which totals 15 members. The members of the group hold each other accountable in paying back their loans. In the picture, Augustino is standing in the back, first on the left.
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
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Success!! The loan was 100% repaid