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Wachewaseme Group
In this Group: Sharifa, Fatma, Mwajuma
Sharifa is 30 years old, married, and has two children: ages 7 and 4. Sharifa is currently a clothes saleswoman who has been living in the Mikunguni neighborhood of Zanzibar for 2 years. She currently earns an average monthly profit of $125 and works a daily shift of 12 hours. She is requesting her second loan from BRAC Tanzania so that she can purchase more clothes and restock her business, and she is hopping that with this loan she will increase her profit. She will be sharing this loan with her fellow group members, Fatma and Mwajuma. Each woman also has her own small business in Zanzibar.

Additional Information

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
  • 79
    View loans »
    Tanzania Loans Fundraising
  • $14,502,950
    Funds lent in using Kiva
  • 1,315.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Wachewaseme Group's $575 loan helped a member to buy more clothes for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2009
Listed
Feb 20, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 22, 2010