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Honest Group
In this Group: Shamsi, Fransisca, Asha, Asha
Shamsi has owned a nursery in the Sakina neighborhood of Arusha for 9 years. She currently earns an average monthly profit of $650. Every day she works at her business from 8:00 a.m. to 12:00 p.m. She is requesting her first loan from BRAC Tanzania so that she can buy more school items (chalk, books, and clothes) for her business. She is hoping that through this loan, her profit will increase and she will be able to grow her business.

Shamsi is married, and has two children: ages 18 and 13. She will be sharing this loan with her fellow group members, Fransisca, Asha H. and Asha M.. Each woman also has her own small business in Arusha.

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
  • 50
    View loans »
    Tanzania Loans Fundraising
  • $14,679,800
    Funds lent in using Kiva
  • 1,310.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Honest Group's $750 loan helped a member to buy school items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 4, 2009
Listed
Feb 27, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 22, 2010