Devila Damiani


Status: Paying Back

$325.00   Loan Amount
60% repaid

About the Entrepreneur

Name: Devila Damiani
Location: Mwanza, Tanzania
Activity: Retail

About the Loan

Loan Amount: $325.00
Loan Use: To purchase bed sheets to sell.
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 14, 2009
Date Disbursed: Apr 28, 2009
Date Funded:Apr 14, 2009

About the Country

Country:Tanzania
Avg Annual Income:$723.00
Currency:Tanzania Shillings (TZS)
Exchange Rate:1,327.0000 TZS = 1 USD



Mambo from Tanzania! This is 24-year-old Devila Damiani from Mwanza, married with two children aged 4 and 7. Additionally, she is responsible for supporting one dependent who is an orphan. Devila has been running a tailoring business since 2007, currently earning about $175 each month, working for 12 hours per day, 6 days per week. She is requesting a loan of $400 in order to purchase bed sheets to sell, and in the future plans to open another business. Devilla thanks you for your support!

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 microfinance 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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Thirty Day Challenge
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Tom
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Journal entries for Devila Damiani


Loan has been disbursed
 
Entrepreneur: Devila Damiani
Location: Mwanza, Tanzania

Thank you for your loan. It has been disbursed to Devila Damiani by Sero Lease and Finance Ltd. (SELFINA) in Tanzania. We are excited to watch this business grow. Over the 9 months of this loan, Sero Lease and Finance Ltd. (SELFINA) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Mwanza, Tanzania
Apr 28, 2009
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Kiva Help Repayment Schedule for Devila Damiani

  Expected Repayments Actual Repayments Comments
July 2009 $32.50 $32.50 Repayment Received
August 2009 $32.50 $32.50 Repayment Received
September 2009 $32.50 $32.50 Repayment Received
October 2009 $32.50 $32.50 Repayment Received
November 2009 $32.50 $32.50 Repayment Received
December 2009 $32.50 $32.50 Repayment Received
January 2010 $32.50 Available Jan 1  
February 2010 $32.50 Available Feb 1  
March 2010 $32.50 Available Mar 1  
April 2010 $32.50 Available Apr 1