It has almost been a week with TCBA and I have not yet mentioned them properly. They are a small micro-finance organisation run by a Mr Sauni. There are about 450 clients, who are small entrepreneurs from in or around Arusha. To qualify for a loan each individual must form a group of 5, to which the loan is provided. This reduces the risk of defaulters as the group is jointly responsible for repayments. Loans begin at 100,000 Tanzanian Shillings which is about £50, with at maximum of £250.
The types of business that we lend to varies but could be street food vendors, small tailors, charcoal collectors really any small scale enterprise.
There are 4 permanent members of staff: in addition to Mr Sauni, there is Julius the accountant, Emmanuel who vets the clients and Lightness who assists him. The offices are in the centre of Arusha, this is where clients will come on a Monday and Wednesday to make repayments.
