100%

funded

Total loan: $2,075

Msimamo Group

Dar es Salaam, Dar es Salaam, Tanzania / Manufacturing

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A loan helped to increase the supply of furniture making materials so as to boost production.


Msimamo Group's story

Paulo is n his late thirties and is married with four children. He is a very hard working carpenter from Dar-es-salaam and he operates a furniture making workshop to support his family. He's been into furniture making business for 8 good years and is happy that he makes great profit.

This will be his 5th loan request to Kiva from Tujijenge Tanzania. Paulo used the previous loan to add more stock of timbers, cement, sets of padlocks and welding materials for his business to grow and is happy that has successfully managed to pay back all of his loan amount in full.

He used the profit earned to cover some of the household expenses and cleared renting charges to release the burden. He will use the current loan to increase the supply of furniture making materials so as to boost the production.

Paulo will share the portion of this loan with his fellow group members of "Msimamo" and they will hold each other for paying back the loan in full at maturity.