This till be Charles second loan with Tujijenge Tanzania. Charles used his previous loan to buy a new sewing machine, a loan which he has successfully repaid. Charles aims to use his second loan to increase his stock of textiles, as he hopes to offer a greater variety to his customers.
Charles will share this loan with his loan group Tutafika, which is made up of 15 members. The members of the group will hold each other accountable for repaying the loans.
In the picture, Charles can be seen in the middle of the front row, wearing white.
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
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.
51View loans »
Success!! The loan was 100% repaid