Funded

Total loan: $2,925
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Nyerere Group

Tanzania
Dar es Salaam, Tanzania / Fish Selling

A loan of $2,925 helped a member to finish paying back the outstanding debt on the machine for the boat.


Nyerere Group's story

Richard M., who is in his late twenties, is married with three children. He has a business of selling fish (lobster). He is been in this business for 10 years. His business is open from 8.00 am to 9.00 pm daily and is able to make a fair monthly profit.

This will be Richard's 5th 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 has ended. He has paid back his loans successfully. He hopes to obtain a loan to finish paying back the outstanding debt on the machine for his boat.

Richard will share his loan with his loan group, "Nyerere" which has a total of 11 members. The members of the group will hold each other accountable in paying back their loans.

In the picture, Richard is behind, 3rd from right back row.

In this group: Richard, Amer, Abeid, Chausiku, Lona, Mwajuma, Shehe, Rukia, Samson, Mkubwa, Fatuma
*not pictured



Loan details

Loan length:

7 months
Disbursed date: March 18, 2011
Facilitated by Field Partner: Tujijenge Tanzania Ltd

Lenders and lending teams



Loan details

Loan length:

7 months
Disbursed date: March 18, 2011
Facilitated by Field Partner: Tujijenge Tanzania Ltd