Abigail M. Ngogo
Status: Paid Back
| $625.00 | Loan Request | |
|---|---|---|
| $625.00 | Paid Back |
About the Entrepreneur
| Name: | Abigail M. Ngogo |
|---|---|
| Location: | Mbeya, Tanzania |
| Activity: | General Store |
About the Loan
| Loan Amount: | $625.00 |
|---|---|
| Loan Use: | To purchase items in bulk for her business |
| Repayment Term: | 8 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Apr 14, 2009 |
| Date Disbursed: | Apr 30, 2009 |
| Date Funded: | Apr 15, 2009 |
| Loan Ended: | Nov 15, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Sero Lease and Finance Ltd. (SELFINA) |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 24 months |
| Kiva Entrepreneurs: | 2221 |
| Total Loans: | $1,027,575 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Tanzania |
|---|---|
| Avg Annual Income: | $723.00 |
| Currency: | Tanzania Shillings (TZS) |
| Exchange Rate: | 1,327.0000 TZS = 1 USD |
She works at the business for 9-12 hours per day, 7 days per week. Abigail currently earns about 250 USD a month from her business. She is requesting a loan of 600 USD in order to purchase items in bulk for her business. In the future, she plans to diversify her business. Abigail thanks you for your support!
ABOUT SELFINA:
SELFINA has taken a lead role as a pioneer of micro-credit in Tanzania through Micro-Leasing. The organization is engaged in the economic empowerment of women in Tanzania through the provision of a leasing and leaseback micro-finance facility.
Customs and traditions in Tanzania make it difficult for women to own land and assets, thus they are termed non-creditworthy by financial institutions. This leads to poor financial support and poor access to basic needs and services for women with low incomes.
One of the primary advantages of micro leasing is that it allows clients to use the equipment as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future.
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Journal entries for Abigail M. Ngogo
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Loan has been disbursed
Location: Mbeya, Tanzania
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Posted by
from Mbeya, Tanzania
Apr 30, 2009 |
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Comment on this entry
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Repayment Schedule for Abigail M. Ngogo
Repayment Schedule for Abigail M. Ngogo
| Expected Repayments | Actual Repayments | Comments | |||
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| July 2009 | $104.17 | $104.17 |  Repayment Received
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| August 2009 | $104.17 | $104.17 | Repayment Received
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| September 2009 | $104.17 | $104.17 | Repayment Received
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| October 2009 | $104.17 | $104.17 | Repayment Received
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| November 2009 | $104.17 | $104.17 | Repayment Received
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| December 2009 | $104.15 | $104.15 | Repayment Received
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