A loan of $4,625 helped a member to buy a recorder for his wife's business, school fees and wood for his carpentry business.

Kiponza Group's story

Sharifu A. is in his early thirties and is married with one three-year-old daughter. Sharifu owns a carpentry shop which he has been running for nine years. He works from 7 am to 6 pm daily and makes a monthly income of about $200.

This will be Sharifu’s third Motisha loan from Tujijenge Tanzania. A Motisha loan is a product offered by Tujijenge Tanzania that allows borrowers with good credit ratings to pay back their original loans faster and receive extra money before their original loan term ends.

He used his first loan to buy cement and wood. He used his second loan to open a mobile phone shop where he sells and repairs mobile phones. He wants to use his third loan on a recorder for his wife’s business, to pay school fees for his child and to buy wood for his carpentry business. His dream is to one day have enough money to buy modern machines for his carpentry business.

Sharifu will share the loan with his loan group, Kiponza, which totals twelve members. The members of the group will hold each other accountable for paying back the loans.

In the picture, Sharifu is second from left in the first row.

In this group: Sharifu, Reonard, Hawa , Fatima, Rajabu, Ally , Amani , Godson, Mwantumu, Mawazo, Stella , Hadija

Loan details

Lenders and lending teams

Loan details