Entry #30 Group-lending in Tanzania
I visited the village of Naitolia in Northern Tanzania (near the Serengeti) in May of 2016 on a Michigan State University (MSU) faculty team. Our visit was part of an on-going Tanzania Partnership Program (TPP) that MSU has conducted for over five years, and our objective was to explore the potential to assist citizens of Naitolia through microfinance. During our visit, we learned that citizens of Naitolia are already involved in one of the most basic forms of microfinance: group-lending. It is a tool involving extremely small loans among members of a group. The loans are not enough to support significant entrepreneurial projects, but
Paulette L. Stenzel
I am Professor Emeritus of International Business Law and Sustainability at Michigan State University (MSU). I am also a mom, learner, writer, violinist, environmentalist -in -process, traveler, and avid reader. I continue to teach part time at MSU and coordinate the Broad College Ethical Leadership program Additionally, I advise Spartan Global Development Fund - a student-driven microfinance organization.