First Loans Disbursed

A Milestone reached: JAMII IMPACT LTD. (JIL) – a Tanzanian company, managed by UHURU MC, is proud to announce, that its very first loan has been disbursed to the VICOBA „Tupendane“ (Swahili for: „Love each other“) in the outskirts of Dar es Salaam/Tanzania.

This group with its unbanked 30 members – 23 of whom are women – are meeting on a weekly basis for six years now, doing their rotating savings- and loan-business very focused and successfully. However, there was a lack of liquidity in their steel-box to satisfy the demand for micro-loans of all the members. After performing a thorough analysis of the group-ledger and the passbooks of its members, in order to better understand their operations and their repayment capacity, plus visits at the homesteads and businesses of the nine beneficiaries, the group-loan was disbursed to their freshly opened bank account: Financial Inclusion made tangible!

disbursment
Meet the happy group members with Andreas Reiffenstein, Director of JAMII IMPACT LTD – a company managed by UHURU Microfinance Consulting GmbH

 

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