This will be Nuru's third loan from Tujijenge Tanzania. She used the previous loans to increase her food items. At first, she used to buy just a few kilos of every item, like 5 kilos of rice, two bottles of cooking oil, two cartons of juice, 5 kilos of wheat flour, 3 kilos of flour for making porridge, and small items that were out of stock. She has paid back all her loans successfully. She used her profit to renovate her late mother's house and contribute to household expenses. She will use this loan to buy 15 kilos of rice, 5 kilos of beans, a small bucket of cooking oil, 10 kilos of sugar, 10 kilos of baking flour, and 15 cartons of juice. She dreams of building her own house.
Nuru will share this loan with her loan group, Rufiji, which has 18 members. The members of the group will hold each other accountable for paying back the loan.
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.
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Success!! The loan was 100% repaid