Avelina Goyayi


Status: Paying Back

$400.00   Loan Amount
60% repaid

About the Entrepreneur

Name: Avelina Goyayi
Location: Mwanza, Tanzania
Activity: Poultry

About the Loan

Loan Amount: $400.00
Loan Use: To purchase chickens and raise them
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 15, 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 56 year old Avelina Goyayi from Mwanza. She is married with four children, between the ages of 24 and 34 years old. Additionally, she is responsible for supporting one dependant because her parents do not take care of her. Avelina has been running a poultry or "Kuku" business since 2008. Raising kuku is a popular micro-business in Tanzania, especially amongst SELFINA clients. Kuku means chickens in Swahili, and raising them for sale is popular for a number of reasons. Firstly, they require little start-up capital. You can start with one or two, and either add to them as you go, or wait for them to multiply naturally! Secondly, they require little space, so sometimes you can just let them run around in your garden or compound. Thirdly, while they are growing they produce eggs, which can either be sold to provide a supplementary source of income, or eaten to provide a supplementary source of protein. Avelina works at the business for 4 hours per day, 7 days per week and currently earns about 120USD from her business. She is requesting a loan of 400USD in order to purchase chickens and raise them. In the future, she plans to expand her business. Avelina 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 is 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 Avelina Goyayi


Loan has been disbursed
 
Entrepreneur: Avelina Goyayi
Location: Mwanza, Tanzania

Thank you for your loan. It has been disbursed to Avelina Goyayi 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 Avelina Goyayi

  Expected Repayments Actual Repayments Comments
July 2009 $40.00 $40.00 Repayment Received
August 2009 $40.00 $40.00 Repayment Received
September 2009 $40.00 $40.00 Repayment Received
October 2009 $40.00 $40.00 Repayment Received
November 2009 $40.00 $40.00 Repayment Received
December 2009 $40.00 $40.00 Repayment Received
January 2010 $40.00 Available Jan 1  
February 2010 $40.00 Available Feb 1  
March 2010 $40.00 Available Mar 1  
April 2010 $40.00 Available Apr 1